Durable Goods New Orders Down 1.1% in May - Modern Distribution Management

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Durable Goods New Orders Down 1.1% in May

Decrease follows a 0.9 percent drop in April.

New orders for manufactured durable goods in May decreased $2.5 billion or 1.1 percent to $228.2 billion, according to the U.S. Census Bureau. This decrease, down two consecutive months, followed a 0.9 percent April decrease.

Excluding transportation, new orders increased 0.1 percent. Excluding defense, new orders decreased 0.6 percent. Transportation equipment, also down two consecutive months, drove the decrease, $2.7 billion or 3.4 percent to $75.4 billion.

Inventories of manufactured durable goods in May, up ten of the last eleven months, increased $0.7 billion or 0.2 percent to $395.4 billion. This followed a 0.2 percent April increase. Computers and electronic products, up nine of the last ten months, led the increase, $0.1 billion or 0.3 percent to $44.3 billion.

Shipments of manufactured durable goods in May, up following two consecutive monthly decreases, increased $1.8 billion or 0.8 percent to $234.9 billion. This followed a 0.3 percent April decrease. Transportation equipment, up following four consecutive monthly decreases, led the increase, $1.5 billion or 1.9 percent to $78.8 billion.

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