Posted June 27, 2023

May durable goods up for third consecutive month

New orders for manufactured durable goods in May, up three consecutive months, increased $4.9 billion or 1.7% to $288.2 billion, the U.S. Census Bureau announced June 27.

This followed a 1.2% April increase. Excluding transportation, new orders increased 0.6%. Excluding defense, new orders increased 3.0%.

Transportation equipment, also up three consecutive months, led the increase – $3.9 billion or 3.9% to $102.6 billion.

Durable goods May 2023