US Durable Goods Orders Fall Less Than Expected


New orders for US manufactured durable goods fell 0.7 percent month-over-month in April 2017, following an upwardly revised 2.3 percent jump in March, better than expectations of a 1.2 percent drop. It was the first decline this year, as orders for machinery fell 0.8 percent and those for civilian aircraft shrank 9.2 percent. Meanwhile, orders for defense aircraft jumped 7.1 percent and those for motor vehicles and parts went up 0.3 percent, the first rise in three months.

Excluding transportation, new orders decreased 0.4 percent. Excluding defense, new orders decreased 0.8 percent. Transportation equipment, down following two consecutive monthly increases, led the decrease, $1.0 billion or 1.2 percent to $78.5 billion.

Shipments of manufactured durable goods in April, down three of the last four months, decreased $0.7 billion or 0.3 percent to $233.0 billion. This followed a 0.1 percent March decrease. Transportation equipment, down six of the last seven months, led the decrease, $0.4 billion or 0.5 percent to $77.2 billion.

Unfilled orders for manufactured durable goods in April, up two consecutive months, increased $2.4 billion or 0.2 percent to $1,122.9 billion. This followed a 0.3 percent March increase. Transportation equipment, also up two consecutive months, led the increase, $1.3 billion or 0.2 percent to $766.6 billion. 

Inventories of manufactured durable goods in April, up nine of the last ten months, increased $0.6 billion or 0.1 percent to $394.2 billion. This followed a 0.2 percent March increase. Fabricated metal products, up three of the last four months, led the increase, $0.3 billion or 0.6 percent to $48.4 billion.

Nondefense new orders for capital goods in April decreased $1.4 billion or 1.9 percent to $70.4 billion. Shipments decreased $0.4 billion or 0.5 percent to $69.7 billion. Unfilled orders increased $0.7 billion or 0.1 percent to $697.3 billion. Inventories decreased $1.2 billion or 0.7 percent to $176.7 billion. Non-defense capital goods orders excluding aircraft, a closely watched proxy for business spending plans, were unchanged for the second straight month.

Defense new orders for capital goods in April increased $0.4 billion or 4.2 percent to $10.2 billion. Shipments increased $0.2 billion or 1.7 percent to $10.2 billion. Unfilled orders decreased less than $0.1 billion or virtually unchanged to $141.7 billion. Inventories increased $0.7 billion or 3.0 percent to $22.3 billion. 

US Durable Goods Orders Fall Less Than Expected


US Census Bureau | Joana Ferreira | joana.ferreira@tradingeconomics.com
5/26/2017 12:45:13 PM