Manufactured Goods Orders Fell in May

New orders for manufactured goods fell 0.8% to $464.9 billion in May, according to the U.S. Census Bureau. It was the second consecutive monthly decrease, following a 0.3% April slide.

New orders for manufactured durable goods decreased 0.8% for the second consecutive month, landing at $229.1 billion in May. Orders for transportation equipment drove the decline, falling 3.0% to $75.9 billion.

Shipments of manufactured durable goods, up following two consecutive monthly decreases, grew 1.0% to $235.8 billion.

Inventories of manufactured durable goods, up ten of the last eleven months, increased 0.2% to $395.8 billion.

Read the Census release.