April 24, 2034

Durable goods orders rose 2.6% in March after rising 0.7% in February, but plunging 6.9% in December. While very volatile on a monthly basis, they have risen a modest 1.3% in the past year.

Much of the change in durables is frequently in the transportation sector — airplanes, cars, and trucks.  In March transportation orders climbed 7.7% after having rising 1.8% in January but having plunged by 18.3%  in December.  As a result, non-transportation orders rose 0.2% in March, 0.1% in February,  but declined 0.3% in December.  Basically, the manufacturing sector has risen 1.0% in the past year..

Given the results of the orders component of the Purchasing Managers Index has been hovering near the breakeven level of 50.0 which suggests that orders will continue to change very little in the months ahead.


We expect to see GDP growth of about 2.5% in the first two quarters of this year followed by roughly 2.7% growth in the second  half of 2024.

Stephen Slifer


Charleston, SC