New orders for manufactured durable goods increased $25.5 billion, or 7.9%, from the previous month to $346 billion in April, the U.S. Census Bureau said in its most recent advance report. The increase followed a 1.3% March increase. Excluding transportation, new orders increased 1.1%. Excluding defense, new orders increased 8.1%. Transportation equipment led the increase, $23.1 billion, or 21.5%, to $130.9 billion.
Banking agencies pledge more scrutiny of core provider business practices
The federal banking agencies pledged to step up oversight of third-party core providers whose business practices “unreasonably limit” community banks from conducting due diligence or from negotiating contract terms that address the banks’ business needs.









