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April New Orders for Durable Goods decreased 2.1%, Ex-Trans unch%
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New Orders
New orders for manufactured durable goods in April decreased $5.4 billion or 2.1 percent to $248.4 billion, the U.S. Census Bureau announced today. This decrease, down two of the last three months, followed a 1.7 percent March increase. Excluding transportation, new orders were virtually unchanged. Excluding defense, new orders decreased 2.5 percent. Transportation equipment, also down two of the last three months, drove the decrease, $5.4 billion or 5.9 percent to $85.4 billion.
Shipments
Shipments of manufactured durable goods in April, down three of the last four months, decreased $4.0 billion or 1.6 percent to $253.3 billion. This followed a 0.5 percent March decrease. Transportationvequipment, down four consecutive months, led the decrease, $3.7 billion or 4.1 percent to $85.8 billion.
Unfilled Orders
Unfilled orders for manufactured durable goods in April, down two of the last three months, decreased $0.7 billion or 0.1 percent to $1,179.1 billion. This followed a 0.1 percent March increase. Transportation equipment, also down two of the last three months, led the decrease, $0.4 billion or 0.1 percent to $810.6 billion.
Inventories
Inventories of manufactured durable goods in April, up nine of the last ten months, increased $1.8 billion or 0.4 percent to $422.6 billion. This followed a 0.3 percent March increase. Transportation equipment, also up nine of the last ten months, led the increase, $1.5 billion or 1.1 percent to $136.1 billion.
Capital Goods
Nondefense new orders for capital goods in April decreased $3.9 billion or 5.0 percent to $74.0 billion. Shipments decreased $2.4 billion or 3.0 percent to $75.9 billion. Unfilled orders decreased $2.0 billion or 0.3 percent to $705.3 billion. Inventories increased $0.9 billion or 0.5 percent to $185.9 billion. Defense new orders for capital goods in April increased $0.7 billion or 4.8 percent to $14.7 billion. Shipments increased $0.3 billion or 2.6 percent to $12.8 billion. Unfilled orders increased $1.9 billion or 1.2 percent to $159.2 billion. Inventories increased $0.1 billion or 0.6 percent to $23.4 billion.
Revised March Data
Revised seasonally adjusted March figures for all manufacturing industries, based on updated seasonal adjustment models, were: new orders, $503.5 billion (revised from $506.2 billion); shipments, $507.1 billion (revised from $508.5 billion); unfilled orders, $1,179.8 billion (revised from $1,181.1 billion) and total inventories, $691.3 billion (revised from $690.7 billion).
Posted: May 24, 2019 Friday 08:30 AM