U.S. Durable-Goods Orders Drop as Economic Outlook Sours

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U.S. Durable-Goods Orders Drop as Economic Outlook Sours
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Orders for long-lasting factory goods fell sharply in March, driven by a collapse in demand for commercial aircraft and parts as the coronavirus spread around the world

New orders for aircraft and parts fell by more than $16.3 billion in March from February, a 296% decline, the Commerce Department said Friday. Since orders are recorded on a net basis, the figure incorporates canceled orders.

New orders for automobiles and parts fell 18.4% in March.
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