Friday, May 24, 2013

Durable Goods Orders increased 3.3% in April

by Calculated Risk on 5/24/2013 09:06:00 AM

From the Department of Commerce: Advance Report on Durable Goods Manufacturers’ Shipments, Inventories and Orders April 2013

New orders for manufactured durable goods in April increased $7.2 billion or 3.3 percent to $222.6 billion, the U.S. Census Bureau announced today. This increase, up two of the last three months, followed a 5.9 percent March decrease. Excluding transportation, new orders increased 1.3 percent. Excluding defense, new orders increased 2.1 percent.
This was above expectations of a 1.1% increase. This report is difficult to predict and very noisy month-to-month.