The US Census Bureau announced the April advance report on manufacturers’ shipments, inventories and orders and the key highlights could be found below:
“¢ New orders for manufactured durable goods in April decreased $4.2 billion or 1.7% to $248.5 billion.
“¢ Excluding transportation, new orders increased 0.9%.
“¢ Excluding defense, new orders decreased 1.9%.
“¢ Transportation equipment, also down following two consecutive monthly increases, drove the decrease, $5.6 billion or 6.1% to $87.1 billion.
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