Durable Goods Orders Decreased in April

New orders for manufactured durable goods decreased 0.7% in April to $231.2 billion, following a 2.3% March increase, according to the U.S. Census Bureau.

New orders excluding defense fell 0.8% on the month, as orders of nondefense capital goods decreased 1.9% to $70.4 billion.

Shipments of manufactured durable goods decreased 0.3% to $233.0 billion.

Inventories of manufactured durable goods rose 0.1% to $394.2 billion, following a 0.2% March increase.

Read the Census release.