New orders for manufactured goods increased 1.9% to $460.5 billion in April, following a 1.7% March increase, according to the U.S. Census Bureau. This was the third increase in the last four months.
New orders for manufactured durable goods increased 3.4% to $236.2 billion, following a 2.0% March increase. Orders for transportation equipment led the increase, rising 8.7% to $86.9 billion.
Shipments of manufactured durable goods increased 0.5% to $232.5 billion after falling in the previous two months. Transportation equipment led the increase, rising 1.1% to $80.8 billion. Excluding transportation, shipments increased 0.4% during the month, compared to a 0.9% increase in March.
Inventories of manufactured durable goods, down nine of the last ten months, fell 0.1% to $384.5 billion, following a 0.2% decrease in March.
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