Durable Goods Orders Rose 0.1% in May

Washington, DC, June 27, 2024-New orders for manufactured durable goods in May, up four consecutive months, increased $0.3 billion or 0.1% to $283.1 billion, the U.S. Census Bureau announced. This followed a 0.2% April increase. Excluding transportation, new orders decreased 0.1%. Excluding defense, new orders decreased 0.2%. Transportation equipment, up three of the last four months, drove the increase, $0.5 billion or 0.6% to $95.4 billion.

Shipments of manufactured durable goods in May, down following three consecutive monthly increases, decreased $1.0 billion or 0.3% to $284.7 billion. This followed a 1.2% April increase. Transportation equipment, also down following three consecutive monthly increases, led the decrease, $0.8 billion or 0.8% to $92.0 billion.

Unfilled orders for manufactured durable goods in May, up forty-six consecutive months, increased $3.1 billion or 0.2% to $1,402.8 billion. This followed a 0.1% April increase. Transportation equipment, up forty-three of the last forty-four months, drove the increase, $3.4 billion or 0.4% to $909.1 billion.