Durable Goods Orders Rose in April

New orders for manufactured durable goods increased 3.4% to $235.9 billion in April, following a 1.9% increase in March, according to the U.S. Census Bureau. The majority of the month’s increase was driven by an 8.9% increase in new orders for transportation equipment. Excluding transportation, new orders increased 0.4%.

New orders excluding defense increased 3.7% on the month, as orders of nondefense aircraft and parts grew by 64.9% to $16.9 billion. Nondefense capital goods also increased, rising 7.8% to $73.6 billion in April.

Shipments of manufactured durable goods rose 0.6% in April to $232.5 billion, following two consecutive monthly decreases.

Inventories of manufactured durable goods fell 0.2% to $384.4 billion, following a 0.2% decline in the previous month. Inventories have now declined for nine of the last ten months.

Read the Census release.

About Tim Nicholson

Tim Nicholson
Tim Nicholson is an economic research associate at ABA.
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