Market Updates
Durable Goods Orders In May Rise, April Data Revised Higher
Brian Turner
27 Jun, 2022
New York City
New orders for durable goods rose 0.7% in May after rising 0.4% in April, the Commerce Department said on Monday.
The orders increased in seven of the last eight months.
Excluding volatile transportation orders, durable goods orders rose 0.7% after rising 0.2% in April.
Shipment of durable goods increased 1.3% in May after rising 0.3% in April, an increase in twelve of the last thirteen months.
Inventories of manufactured durable goods in May increased sixteen consecutive months.
Inventories increased $2.7 billion or 0.6% to $482.7 billion followed a 0.9% rise in April.
The Commerce Department revised April orders, shipments, and unfilled orders higher but inventories lower.
April new orders were revised higher to $534.8 billion from $533.2 billion; shipments to $534.3 billion from $532.1 billion; unfilled orders were lowered to $1,106.1 billion from $1,106.8 billion and total inventories to $787.9 billion from $786.1 billion.
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