US Durable Goods Orders Beat Expectations

New orders for manufactured durable goods increased 0.8 percent in April of 2014 after a revised 3.6 percent rise in March, driven by a surge in orders for defense capital goods.
U.S. Census Bureau | Joana Taborda | joana.taborda@tradingeconomics.com 5/27/2014 1:49:08 PM
Excluding transportation, orders increased 0.1 percent and excluding defense, new orders shrank 0.8 percent. Transportation equipment, also up three consecutive months, led the increase, 2.3 percent to $76.9 billion.  

Orders for defense capital goods surged 39.3 percent, the largest increase since December of 2012. 

Nondefense new orders for capital goods in April decreased 1.0 percent to $82.2 billion. Orders for non-defense capital goods excluding aircraft fell 1.2 percent after rising by a revised 4.7 percent in March. 

US Durable Goods Orders Beat Expectations