New orders for manufactured durable goods decreased 1.3% in May to $243.4 billion, following a 2.8% May decrease, according to the U.S. Census Bureau. Declining three of the last four months, Transportation equipment drove the decrease, declining 4.6% to $80.0 billion over the month.
New orders excluding defense fell 0.6% on the month, while orders of nondefense capital goods decreased 4.3% to $70.7 billion.
Shipments of manufactured durable goods, rose 3.9% to $254.1 billion. This followed a decrease in April.
Inventories of manufactured durable goods continued to rise, growing 0.8% to $424.5 billion. This followed a 0.5% April increase.
Read the Census release.