US: Durable goods orders to rise by 1.3% in March - TDS

Analysts at TDS are looking for a US preliminary durable goods orders to rise by 1.3% in March, slightly below the market consensus for 1.6%.

Key Quotes

“The headline print will be driven by aircraft orders, leaving the ex-transport series (TD: 0.4%, market: 0.5%) and capital goods orders (TD, market: 0.6%) to post more modest gains.”

“The market expects the advance goods trade deficit to narrow slightly to $75.0bn in March, while preliminary wholesales inventories are expected to rise 0.7% m/m. Lastly, consensus looks for initial jobless claims to edge lower to 230k for the week of April 21.”