Posted May 24, 2024

Durable goods orders up 0.7%

New orders for manufactured durable goods in April, up three consecutive months, increased $1.9 billion or 0.7% to $284.1 billion, the U.S. Census Bureau announced.

This followed a 0.8% March increase.

Excluding transportation, new orders increased 0.4%. Excluding defense, new orders were virtually unchanged.

Transportation equipment, also up three consecutive months, led the increase, $1.1 billion or 1.2% to $96.2 billion.