Durable Goods Orders Decreased in May

New orders for manufactured durable goods decreased 1.1% in May to $228.2 billion, following a 0.9% April decrease, according to the U.S. Census Bureau.

New orders excluding defense fell 0.6% on the month, as orders of nondefense capital goods decreased 2.4% to $68.3 billion.

Shipments of manufactured durable goods increased 0.8% to $234.9 billion.

Inventories of manufactured durable goods rose 0.2% to $395.4 billion, following a 0.2% April increase.

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About Stephen Newton

Stephen Newton is an economic research associate at ABA.
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