The 2020 Mid-Year Economic Update_long

Durable Goods New Orders Up 0.8% in April

Transportation equipment led the increase, growing 4 percent for the month.

New orders for manufactured durable goods in April increased 0.8 percent to $239.9 billion, according to the U.S. Census Bureau. This increase, up three consecutive months, followed a 3.6 percent March increase.

Excluding transportation, new orders increased 0.1 percent. Excluding defense, new orders increased 0.8 percent. Transportation equipment, also up three consecutive months, led the increase, $1.7 billion or 2.3 percent to $76.9 billion.

Shipments of manufactured durable goods in April, down after two consecutive months, decreased 0.2 percent to $237.2 billion. This followed a 1.3 percent March increase. Transportation equipment, down after three consecutive months, drove the decrease, $0.7 billion or 1.0 percent to $69.5 billion.

Unfilled orders for manufactured durable goods in April, up 12 of the last 13 months, increased 1 percent to $1,081.0 billion. This was at the highest level since the series was first published on a NAICS basis in 1992, and followed a 0.8 percent March increase. Transportation equipment, up seven of the last eight months, led the increase, $7.5 billion or 1.1 percent to $671.7 billion.

Inventories of manufactured durable goods in April, up 12 of the last 13 months, increased 0.1 percent to $393.3 billion. This was at the highest level since the series was first published on a NAICS basis and followed a 0.2 percent March increase. Transportation equipment, up 12 of the last 13 months, led the increase, $0.3 billion or 0.3 percent to $126.1 billion.

 Nondefense new orders for capital goods in April decreased 1 percent to $82.2 billion. Shipments decreased 0.6 percent to $76.5 billion. Unfilled orders increased 0.9 percent to $656.1 billion. Inventories increased 0.3 percent to $178.6 billion.

Defense new orders for capital goods in April increased 3.6 percent to $12.9 billion. Shipments increased 1.4 percent to $9.6 billion. Unfilled orders increased 2.1 percent to $159.6 billion. Inventories decreased 1.2 percent to $23.6 billion.

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