In the Advance Report on Durable Goods Manufacturers’ Shipments, Inventories and Orders for May, the U.S. Department of Commerce reported a decrease across the board, primarily due to the transportation and aircraft sectors.
New orders for manufactured durable goods fell by 1.8% in May on the heels of a 1.5% decrease in April, mainly because of a 6.4% dip in new orders for transportation equipment. Without transportation, new orders actually increased 0.5%.
Shipments and inventories also dropped, both in manufactured durable goods and in transportation equipment. The decline in shipments was only 0.1% for manufactured durable goods, while transportation endured a 0.9% decrease to $76.7 billion. As far as inventories go, manufactured durable goods and transportation equipment both suffered a 0.2% fall.
Finally, in non-defense capital goods there were decreases of 6.6%, 0.6%, 0.7% and 0.6% in new orders, shipments, unfilled orders and inventories, respectively. However, excluding aircraft, there was a small rise in shipments (0.3%) and new orders (0.4%).
Read the full report here.
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