New manufacturing orders dip 6.3%
New orders for manufactured durable goods in April, down following four consecutive monthly increases, decreased $19.9 billion or 6.3% to $296.3 billion, the U.S. Census Bureau announced.
This followed a 7.6% March increase.
Excluding transportation, new orders increased 0.2%. Excluding defense, new orders decreased 7.5%.
Transportation equipment, also down following four consecutive monthly increases, drove the decrease, $20.3 billion or 17.1% to $98.8 billion.
INDUSTRIAL SUPPLY MAGAZINE
The May/June issue of Industrial Supply magazine features an in-depth cover story about the ISA's Veterans Empowerment Network. Plus, we're featuring articles by contributing writers Dr. Bharani Nagarathnam and Frank Hurtte, as well as interviews with numerous product and distribution industry experts.
