Tuesday, June 23, 2015

New Orders for Durable Goods Fell in May

New orders for manufactured durable goods decreased 1.8% to $228.9 billion in May, according to the U.S. Census Bureau. New orders for manufactured durable goods has been down three of the last four months. This decrease, followed a 1.5% decrease in April. Excluding defense, new orders decreased 2.1%.

Defense new orders for capital goods grew 8.2% to $8.8 billion as shipments increased 0.3% to $9.5 billion.

Excluding transportation, new orders increased 0.5%. New orders for transportation equipment fell 6.4% to $71.7 billion—orders for transportation equipment have declined for three of the last four months.

Shipments of manufactured durable goods, down four of the last five months, decreased 0.1% to $239.9 billion, following a 0.2% decrease in April.

Inventories of manufactured durable goods declined in May, following twenty-three consecutive monthly increases. Inventories decreased 0.2% to $400.6 billion.

Read the Census release

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