Research >> Economics
April New Orders for Durable Goods Decreased 17.2%, Ex-Trans down 7.4%
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New Orders
New orders for manufactured durable goods in April decreased $35.4 billion or 17.2 percent to $170.0 billion, the U.S. Census Bureau announced today. This decrease, down three of the last four months, followed a 16.6 percent March decrease. Excluding transportation, new orders decreased 7.4 percent. Excluding defense, new orders decreased 16.2 percent. Transportation equipment, also down three of the last four months, led the decrease, $23.9 billion or 47.3 percent to $26.6 billion.
Shipments
Shipments of manufactured durable goods in April, down three of the last four months, decreased $41.5 billion or 17.7 percent to $192.3 billion. This followed a 5.5 percent March decrease. Transportation equipment, also down three of the last four months, led the decrease, $31.4 billion or 42.7 percent to $42.1 billion.
Unfilled Orders
Unfilled orders for manufactured durable goods in April, down two consecutive months, decreased $17.5 billion or 1.6 percent to $1,107.8 billion. This followed a 2.1 percent March decrease. Transportation equipment, also down two consecutive months, led the decrease, $15.5 billion or 2.0 percent to $759.9 billion.
Inventories
Inventories of manufactured durable goods in April, up two consecutive months, increased $0.7 billion or 0.2 percent to $425.6 billion. This followed a 0.6 percent March increase. Transportation equipment, up twenty-one of the last twenty-two months, led the increase, $0.4 billion or 0.3 percent to $143.0 billion.
Capital Goods
Nondefense new orders for capital goods in April increased $3.8 billion or 8.2 percent to $50.1 billion. Shipments decreased $9.2 billion or 12.6 percent to $63.8 billion. Unfilled orders decreased $13.7 billion or 2.2 percent to $624.8 billion. Inventories increased $0.2 billion or 0.1 percent to $190.3 billion. Defense new orders for capital goods in April decreased $4.9 billion or 30.8 percent to $11.0 billion. Shipments increased $0.5 billion or 3.9 percent to $12.5 billion. Unfilled orders decreased $1.5 billion or 0.8 percent to $178.9 billion. Inventories increased $0.3 billion or 1.4 percent to $21.1 billion.
Revised and Recently Benchmarked March Data
Revised seasonally adjusted March figures for all manufacturing industries were: new orders, $441.6 billion (revised from $445.0 billion); shipments, $470.1 billion (revised from $472.2 billion); unfilled orders, $1,125.3 billion (revised from $1,126.5 billion) and total inventories, $690.0 billion (revised from $690.6 billion).
Posted: May 28, 2020 Thursday 08:30 AM