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Saturday, September 14, 2019
HomeNewsEconomyNew Orders for Durable Goods Fell More than Expected in May

New Orders for Durable Goods Fell More than Expected in May

Manufacture of rails for trains and freight wagon, boxcars. Rail manufacturing plant. Stack of steel round bar - iron metal rail lines material for industry construction in warehouse. (Photo: AdobeStock)

Second Straight Month of Weakness in New Orders for Long-Lasting Manufactured Goods

Manufacture of rails for trains and freight wagon, boxcars. Rail manufacturing plant. Stack of steel round bar - iron metal rail lines material for industry construction in warehouse. (Photo: AdobeStock)
Manufacture of rails for trains and freight wagon, boxcars. Rail manufacturing plant. Stack of steel round bar – iron metal rail lines material for industry construction in warehouse. (Photo: AdobeStock)

The U.S. Census Bureau announced new orders for manufactured durable goods in May fell $3.3 billion or 1.3% to $243.4 billion. The figure missed the consensus forecast and is the second month of weakness for the report.

IndicatorPriorPrior RevisedConsensus ForecastForecast RangeResult
New Orders – M/M ∆-2.1 %-2.8 %-0.1 %-4.8 % to 0.6 %-1.3%
Ex-transportation – M/M ∆0.0 %-0.1 %0.1 %-1.0 % to 0.2 %0.3%
Core capital goods – M/M ∆-0.9 %-1.0 %0.2 %0.0 % to 0.5 %0.4%

Durable goods orders have been down three of the last four months, and declined 2.8% in April.

Excluding transportation, new orders increased 0.3%. Excluding defense, new orders fell 0.6%.

Transportation equipment, which is also down three of the last four months, fueled the decline for May, falling $3.9 billion or 4.6% to $80.0 billion.

Shipments, up after two consecutive monthly decreases, rose $0.9 billion or 0.4% to $254.1 billion following a 1.6% decline in April. Machinery, up four of the last five months, fueled the gain rising $0.4 billion or 1.1% to $33.4 billion.

Written by
Staff Writing Group

PPD Business, the economy-reporting arm of People's Pundit Daily, is "making sense of current events." We are a no-holds barred, news reporting pundit of, by, and for the people.

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