August
17
Orders for big-ticket manufactured goods rebounded 0.5% in March as U.S. factories recovered from February weather disruptions. However, the recovery was not as strong as most had expected due to ongoing supply chain disruptions that continue.
Even with the weaker-than-expected orders in March, economists are forecasting a strong economic growth in the January-March quarter. The releases its first look at gross domestic product.
The global shipping industry has already been grappling with high costs and long waits because of virus related.
Analysts at Contingent Macro said the durable goods report “reveals significant volatility” in certain industries due to the supply chain troubles, which have been particularly acute in the delivery of computer chips.
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