Quick review of durable goods orders which continue to flat line

Core durable goods orders in March rose .2% m/o/m as expected but off a lower than estimated base as February was revised down by 3 tenths. Vehicle/parts orders rose 2.1% m/o/m but still down 2% y/o/y. After a 1.9% drop in February, orders for computers/electronics (and thus including AI stuff), rose .8% and are little changed y/o/y, higher by .5%. Electrical equipment orders were about flat and down 2% y/o/y even with all the renewable incentives out there. Machinery orders were flattish too and down 1.8% y/o/y. Orders for metals were mixed.