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New orders for manufactured durable goods in the United States continued to grow in April, albeit at a slower pace.
Source: US Census Bureau
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New orders for manufactured durable goods in April stood at $265.3 billion, indicating an increase of $1.2 billion or 0.4%. This compares with the $264.2 billion, which showed a growth of 0.6%.
New orders increased by 0.3% excluding transportation and by 0.3% excluding defense. The growth was led mainly by transportation equipment which climbed by $0.6 billion or 0.6% to $86.7 billion.
Shipments increased by 0.1% to $264.3 billion, unfilled orders by 0.5% to $1.106 trillion, inventories by 0.8% to $479.4 billion, and nondefense new orders for capital goods by 0.4% to $83.4 billion.
The March figures were for nearly all manufacturing industries were revised lower, except for total inventories, which were revised higher to $781.6 billion, and shipments to $531.0 billion.
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