U.S. Economic News

March 24, 2021

U.S. Economic Indicators

New orders of manufactured durable goods fell 1.1% in February after increasing 3.5% (revised) in January. Excluding transportation, new orders fell 0.9% after increasing 1.6% the month before. Census Bureau Report

U.S. News

The Wall Street Journal reports that a surge is factory output is testing already strained global supply chains, with manufacturers in most countries reporting lengthening delivery times and rising prices for inputs as well as growing backlogs of orders. Analysts point to the “two-speed nature” of the global economic recovery as manufacturers see strong consumer demand even as social distancing weighs on the service sector. WSJ