Durable Goods Orders Increase, Minus Transportation
New orders for manufactured durable goods in April increased $0.3 billion or 0.2% to $215.5 billion, the U.S. Census Bureau announced today. This increase, up two of the last three months, followed a 3.7% March decrease. Excluding transportation, new orders decreased 0.6%. Excluding defense, new orders increased 1.2%.
Machinery, up twenty-five of the last twenty-six months, had the largest increase, $1.1 billion or 1.7% to $65.2 billion. This was also at the highest level since the series was first published on a NAIC basis.
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