US Durable Goods Orders Up 3.4%


New orders for US manufactured durable goods surged 3.4 percent in April from March of 2016, following an upwardly revised 1.9 percent rise in the previous period and much better than market expectations of a 0.5 percent increase. It is the biggest gain since January, boosted by demand for transportation equipment. Excluding transportation, new orders rose 0.4 percent and without defense orders increased 3.7 percent. In contrast, capital goods orders fell 0.8 percent, down for the third straight month.

Transportation equipment, also up three of the last four months, led the increase, $7.1 billion or 8.9 percent to $87.1 billion.

Shipments of manufactured durable goods in April, up following two consecutive monthly decreases, increased $1.5 billion or 0.6 percent to $232.5 billion. This followed a 0.8 percent March decrease. Transportation equipment, also up following two consecutive monthly decreases, led the increase, $1.0 billion or 1.3 percent to $80.9 billion.

Unfilled orders for manufactured durable goods in April, up three of the last four months, increased $6.3 billion or 0.6 percent to $1,137.0 billion. This followed a virtually unchanged March increase. Transportation equipment, up two consecutive months, led the increase, $6.1 billion or 0.8 percent to $783.1 billion.

Inventories of manufactured durable goods in April, down nine of the last ten months, decreased $0.7 billion or 0.2 percent to $384.4 billion. This followed a 0.2 percent March decrease.

Machinery, down eight of the last nine months, led the decrease, $0.5 billion or 0.7 percent to $66.1 billion.

Nondefense new orders for capital goods in April increased $5.4 billion or 7.8 percent to $73.6 billion. Shipments increased $0.4 billion or 0.6 percent to $71.4 billion. Unfilled orders increased $2.2 billion or 0.3 percent to $707.2 billion. Inventories decreased $0.2 billion or 0.1 percent to $172.4 billion.

Defense new orders for capital goods in April increased $0.5 billion or 3.7 percent to $13.2 billion. Shipments decreased $0.4 billion or 4.1 percent to $9.6 billion. Unfilled orders increased $3.6 billion or 2.6 percent to $140.7 billion. Inventories increased $0.2 billion or 1.2 percent to $20.8 billion.


US Durable Goods Orders Up 3.4%


US Census Bureau | Joana Taborda | joana.taborda@tradingeconomics.com
5/26/2016 1:48:07 PM