“New orders for manufactured durable goods in May decreased $1.4 billion or 0.6 percent to $248.8 billion,” the U.S. Census Bureau reported on Wednesday.
Key takeaways from the official publication
- This decrease, down two consecutive months, followed a 1.0 percent April decrease.
- Excluding transportation, new orders decreased 0.3 percent.
- Transportation equipment, also down two consecutive months, led the decrease, $0.9 billion or 1.0 percent to $86.1 billion.
- Shipments of manufactured durable goods in May, down following nine consecutive monthly increases, decreased $0.2 billion or 0.1 percent to $246.9 billion.
- Inventories of manufactured durable goods in May, up eighteen of the last nineteen months, increased $1.1 billion or 0.3 percent to $403.0 billion.
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