Market Updates
Durable Goods Orders Accelerated In May
Brian Turner
27 Jun, 2023
New York City
Durable goods orders rose more than expected and new home sales also advanced.
Durable goods orders expanded in May 1.7%, faster than upwardly revised 1.2% in April, the Commerce Department reported Tuesday.
Excluding transportation equipment orders, durable goods orders rose 0.6% in May after dropping by a revised 0.6% in April.
Excluding defense orders, which declined 14.7%, durable goods orders rose 3%.
Durable goods shipments increased 1.7% to $282.7 billion, following a 0.6% decrease in April.
Shipment of transportation equipment increased 4.6% to $91.8 billion.
Closely watched non-defense capital goods orders increased 6.7% to $91.0 billion and shipments increased 3.4% to $82.9 billion and unfilled orders advanced 1.1% to $758.7 billion.
Non-defense capital goods orders, excluding aircraft orders, rose 0.7% in May from April.
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