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Home Economy

New orders for manufactured durable goods increased in May

June 29, 2023
Reading Time: 1 min read

New orders for manufactured durable goods in May, up three consecutive months, 1.7% to $288.2 billion, the U.S. Census Bureau announced today. This followed a 1.2% April increase. Excluding transportation, new orders increased 0.6%. Excluding defense, new orders increased 3.0%. Transportation equipment, also up three consecutive months, drove the increase, 3.9% to $102.6 billion.

Shipments of manufactured durable goods in May, up two of the last three months, increased 1.7% to $282.7 billion. This followed a 0.6% April decrease.

Inventories of manufactured durable goods in May, up five of the last six months, or 0.2% to $522.9 billion. This followed a 1.0% April increase.

Read the Census release.

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