Market Updates
Durable Goods Orders Advanced 1.1% In April
Brian Turner
26 May, 2023
New York City
Durable goods orders increased 1.1% in April, slower than the upwardly revised 3.3% in March, the U.S. Census Bureau announced Friday.
Excluding transportation, new orders decreased 0.2% and excluding defense, new orders fell 0.6%.
The closely watched proxy for business spending, non-defense capital goods orders, excluding aircrafts, increased 1.4% in April after falling 0.6% in March.
Shipments for manufactured goods declined 0.7% in April, following 0.7% increase in March.
Inventories of manufactured goods increased 1.0% in April following a fall of 1.0% in March.
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