Factory Orders Decreased in May

New orders for manufactured goods increased 0.7 percent to $493.6 billion in May, according to the U.S. Census Bureau. New orders are down three of the last four months.

New orders for manufactured durable goods decreased $3.1 billion or 1.3 percent to $243.5 billion, unchanged from the previously published decrease. Transportation equipment drove the decrease, down 4.6 percent to $80.0 billion.

Shipments of manufactured durable goods increased 0.3 percent to $254.2 billion.

Inventories of manufactured durable goods increased 0.5 percent to $424.6 billion.

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About Author

Hugo Dante

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