New Orders for Durable Goods up 3.6% for May

After a recent rough patch, another solid month for durable goods may put manufacturing on the move once again. New orders for manufactured durable goods increased 3.6% to $231 billion for May, according to a Commerce Department report (link opens in PDF) released today.

After bumping up a revised 3.6% in April, May's new orders exceeded analyst expectations by 0.3 percentage points.

Source: Census.gov. 

Although durable goods are on the rise, transportation accounted for most of May's gain. Up three of the last four months, new orders for transportation goods jumped 10.2%. Excluding this sector from overall movements, new orders for durable goods increased 0.7%. This, too, beat analyst expectations of a slight 0.1% slump.

Shipments of goods managed a slight 1.2% increase, also pushed primarily by a 3.6% rise in transportation equipment. Unfilled orders edged up 0.8% on similar gains from transportation, while inventories expanded 0.1% on a 0.8% increase in computer and electronic products supplies. On the heels of a 0.3% increase, inventories (once again) set a new record since data was first recorded in 1992.

link


Read/Post Comments (0) | Recommend This Article (1)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2508722, ~/Articles/ArticleHandler.aspx, 9/19/2014 10:01:03 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...


Advertisement