Core durable goods rise, as expected, in March

• March Durable Goods: +0.5% vs. +2.0% expected and -0.9% prior (revised from -1.1%).
• The metric increased in 10 of the last 11 months.
• Core Durable Goods: +1.6% vs. +1.5% expected and  -0.3% prior (revised from -0.9%).
• Excluding transportation, new orders rose 1.6% in March.
• Excluding defense, new orders increased 0.5%.
• Fabricated metal products, rising six of the last seven months, rose 3.6% to $35.4B.