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.
