US durable goods orders dropped -14.4% mom in March, to USD 213.2B, worse than expectation of -12.0% mom. Ex-transport orders dropped -0.2%, better than expectation of -6.1%. Excluding defense, new orders decreased 15.8%. Transportation equipment, down two of the last three months, led the decrease, USD 35.6B or 41.0% to USD 51.2B.
