Stronger than expected Durable Goods Report for March. 3.4% vs 0.7% consensus. Meanwhile, the February DG Report was revised upward from 2.5% to 3.8%. In otherwords, the Economy is BOOMING! From Dow Jones News Services: The March durable-goods report showed the increase was fairly broad-based with gains in all categories except civilian aircraft orders, cars and primary metals. A 132.7% jump in defense aircraft orders pushed overall transportation orders up by 2.4% in March. This offset a 1.1% decline in orders for cars and parts and a 12.6% drop in civilian aircraft orders. If transportation orders are excluded, durable-goods orders would have risen by 1.8% for the month. Defense capital goods orders rose by 16.1% in March. If defense orders are excluded from overall durable-goods orders, orders would have increased by 1.3%. The report suggests that businesses started spending again in March as the war with Iraq appeared to be moving toward a successful conclusion. Orders for computers and electronic products rose by 4.0% and orders for nondefense capital goods - which are items meant to last 10 years or more - gained 3.2% if orders for aircraft are excluded.