Keeping you up to date on the latest data releases.
- Durable Goods
New orders for durables fell 3.6 percent in April, nearly offsetting an upwardly revised 4.4 percent increase in March. Over the past year, new orders are up 5.3 percent. Excluding transportation, durables orders slipped down 1.6 percent in April, but are still up 6.8 percent on a year-over-year basis. An important signal of future equipment and software investment—new orders of nondefense capital goods excluding aircraft—fell 2.6 percent in April, though this came on the heels of a relatively strong 5.4 percent gain in March (that was revised up from 3.7 percent). The series has been fairly choppy lately, decreasing in four of the past seven months. Still, its near-term (3-month) annualized growth rate rose to 10.6 percent in April, while its 12-month growth rate stands at 11.2 percent. Shipments of durables fell for the first time in five months, decreasing 1.0 percent in April. Shipments ex transportation fell as well, slipping down 0.4 percent during the month. Durables inventories continued to swell, rising by 0.9 percent in April and are up 12.7 percent over the past year (its highest growth rate since the early 1980s).