Durable Goods Orders Decrease Again in May

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.

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About Author

Hugo Dante

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