Durable Goods Orders Drop 6.3% in April, Snapping Four-Month Growth Streak



New orders for U.S.-manufactured durable goods fell 6.3% in April to $296.3 billion, breaking a four-month streak of gains, the U.S. Census Bureau reported Tuesday.

The $19.9 billion drop followed a 7.6% increase in March. The April decline was primarily driven by transportation equipment orders, which dropped 17.1%, or $20.3 billion, to $98.8 billion after four months of growth.

Excluding transportation, new orders rose slightly by 0.2%. When excluding defense, orders declined 7.5%.

 

The Census Bureau’s monthly durable goods report tracks factory orders for long-lasting manufactured items ranging from cars to appliances and machinery.


Like this story? Begin each business day with news you need to know! Click here to register now for our FREE Daily E-News Broadcast and start YOUR day informed!

Leave a comment

No tags available

View Latest Digital Edition

Terry Mulreany
Subscriptions: 800 708 9373 x130
[email protected]
Susie Angelucci
Advertising: 484.459.3016
[email protected]

View Latest Digital Edition

Visit our sister website for news, information, exclusive articles,
deal tables and more on the asset-based lending, factoring,
and restructuring industries.
www.abfjournal.com