Durable Goods Orders Decreased 2.1 Percent in April

New orders for manufactured durable goods decreased 2.1% in April to $248.4 billion, following a 1.7% March rise, according to the U.S. Census Bureau. Transportation equipment drove the decrease, declining 5.9% to $85.4 billion over the month.

New orders excluding defense fell 2.5% on the month, while orders of nondefense capital goods decreased 5.0% to $74.0 billion.

Shipments of manufactured durable goods, fell 1.6% to $253.3 billion. This followed a 0.5% decrease in March.

Inventories of manufactured durable goods continued to rise, growing 0.4% to $422.6 billion. This followed a 0.3% March increase.

Read the Census release.

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About Author

Hugo Dante

Hugo Dante is a research associate in the Economic Policy and Research group at the ABA.