Basis Points Orders in the U.S. for long-lasting goods rose sharply in March on a big order for Boeing Co. planes. New orders for products meant to last at least three years increased 3.2% from February to a seasonally adjusted $276.4 billion, marking the first rise since December, according to Commerce Department data. Economists surveyed by The Wall Street Journal expected a 0.5% increase. (Dow Jones Newswires) The U.S. trade deficit in goods shrank 8.4% in March to a four-month low of $84.6 billion due to a snapback in exports and lower oil prices, the Census Bureau said. (MarketWatch) Confidence among businesses and consumers in the eurozone rebounded only marginally in April, suggesting slowing momentum of an economic revival in the bloc as cost-of-living pressures weigh. (DJN) Consumer confidence in Germany is expected to improve for the seventh consecutive month in May, as income expectations brightened on easing energy bills, despite a continued squeeze on spending. Germany's forward-looking consumer-sentiment index forecasts confidence to tick up from a revised minus 29.3 this month to minus 25.7 in May, the strongest level since the same month of 2022, according to data from market-research group GfK. (DJN) Spain's unemployment rate rose in the first quarter, signaling a slackening in the labor market, as pressures from high inflation and rising interest rates weighed in the first three months of the year. (DJN) Belgium's economy gained momentum in the first quarter of the year, driven by strength in the services and construction sectors despite rapidly increasing interest rates. (DJN) Feedback Loop
This newsletter is compiled by James Christie in San Francisco.
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This article is a text version of a Wall Street Journal newsletter published earlier today.
(END) Dow Jones Newswires
04-27-23 0715ET
