Someone he'p me out. Is that an annualized rate or is that an actual decrease of 5.7% over one month?
Bad enough if it's an annualized figure, it seems to me...
I think it’s actual. And, as usual with this bunch-Durable orders for February, meanwhile, were revised down to show a 4.3% gain from a prior reading of a 5.6% increase.
“New orders for manufactured durable goods in March
decreased $13.1 billion or 5.7 percent to $216.3 billion,
the U.S. Census Bureau announced today.”
http://www.census.gov/manufacturing/m3/adv/pdf/durgd.pdf
Actual for the month, but my calculator says 6.0%.