Keeping you up to date on the latest data releases.
- Durable Goods
New orders for durable goods rose 3.3 percent in April. Over the past year, new orders are up 2.4 percent. New orders for transportation equipment increased 8.1 percent following a decline of 14.7 percent in March. Excluding transportation equipment, new orders increased 1.4 percent in April, following declines of 1.7 percent and 0.2 percent in March and February, respectively. Orders for nondefense capital goods excluding aircraft, which is used to evaluate the near-term outlook in equipment and software investment, increased 1.2 percent in April. Shipments of durable goods, which are up 2.5 percent over the past year, fell 0.6 percent in April. Perhaps more disconcerting is that shipments of nondefense capital goods excluding aircraft, which map directly into GDP, fell 1.5 percent in April. This decrease followed a gain of 0.5 percent in March. On a year-over-year basis, shipments of non-defense cap goods ex aircraft are up 1.4 percent.