Keeping you up to date on the latest data releases.
- Durable Goods
New orders for durable goods rose 3.6 percent in May. Over the past year, new orders are up 7.6 percent. New orders for transportation equipment increased 10.2 percent following an increase of 8.3 percent in April. Excluding transportation equipment, new orders increased 0.7 percent in May, following an increase of 1.7 percent and a decline of 1.6 percent in April and March, respectively. Orders for nondefense capital goods excluding aircraft—which is used to evaluate the near-term outlook in equipment and software investment—increased 1.1 percent in May. Shipments of durable goods, which are up 2.4 percent over the past year, rose 1.3 percent in May. Perhaps more encouraging is that shipments of nondefense capital goods excluding aircraft, which map directly into GDP, increased 1.7 percent in May. This increase followed a decline of 2.1 percent in April. On a year-over-year basis, shipments of nondefense capital goods excluding aircraft are up 1.6 percent.