Durable Goods Orders Fell 1.7% in April
New orders for manufactured durable goods decreased 1.7% in April to $248.5 billion, following a 2.7% March rise, according to the U.S. Census Bureau. The volatile transportation equipment sector led the decline, falling 6.1% to $87.1 billion over the month. Commercial aircraft was the largest contributor to transportation’s decline, decreasing 29.0% to $16.2 billion. New