New orders for manufactured durable goods in April decreased 1.3% or $3.2 billion to $246.2 billion, the U.S. Census Bureau announced today. This decrease, down following eleven consecutive monthly increases, followed a 1.3% March increase. Excluding transportation, new orders increased 1.0%. Excluding defense, new orders were unchanged.
Shipments of manufactured durable goods in April, increased 0.6% or $1.4 billion. This followed a 2.7% March decrease. Primary metals led the increase, $0.6 billion or 2.7% to $21.6 billion.
Inventories of manufactured durable goods in April, up three consecutive months, increased $2.2 billion or 0.5% to $441.6 billion.
Read the Census release.
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