Durable Goods Orders Rose 0.7% in May

Washington, DC, June 27, 2022-New orders for manufactured durable goods in May increased $1.9 billion or 0.7% to $267.2 billion, the U.S. Census Bureau announced.

This increase, up seven of the last eight months, followed a 0.4% April increase. Excluding transportation, new orders increased 0.7%. Excluding defense, new orders increased 0.6%. Transportation equipment, up two consecutive months, led the increase, $0.7 billion or 0.8% to $87.6 billion.

Shipments of manufactured durable goods in May, up twelve of the last thirteen months, increased $3.6 billion or 1.3% to $268.4 billion. This followed a 0.3% April increase. Transportation equipment, up seven of the last eight months, led the increase, $1.7 billion or 2.1% to $84.7 billion.

Unfilled orders for manufactured durable goods in May, up twenty-one consecutive months, increased $3.7 billion or 0.3% to $1,109.8 billion. This followed a 0.5% April increase. Transportation equipment, up fifteen of the last sixteen months, led the increase, $2.9 billion or 0.5% to $639.8 billion.