Factory Orders Fell 0.8% in April

New orders for manufactured goods decreased 0.8% to $494.4 billion in April, according to the U.S. Census Bureau. The decrease followed a 1.7% rise in February.

New orders for manufactured durable goods decreased 1.6% to $248.6 billion in April. Transportation equipment led the decline, falling 6.0% to $87.2 billion.

Shipments of manufactured durable goods were virtually unchanged at $247.0 billion.

Inventories of manufactured durable goods, up twenty-one of the last twenty-two months, increased 0.3% to $401.9 billion.

Read the Census release.