New orders for manufactured durable goods in May decreased $5.3 billion or 2.2% to $230.7 billion, the Commerce Department announced today. This decrease, down following two consecutive monthly increases, followed a 3.3% April increase. Excluding transportation, new orders decreased 0.3%. Excluding defense, new orders decreased 0.9%.
Inventories of manufactured durable goods in May, down ten of the last eleven months, decreased $1.1 billion or 0.3% to $382.5 billion. This followed a 0.4% April decrease. Machinery, down nine of the last ten months, led the decrease in inventories.