Durable Goods Orders Up 1.1% in April, Better Than Expected

New orders for manufactured durable goods came in better than expected in April at $283.02B. This is a 1.1% increase from last month and higher than the expected 1.1% decline. The series is up 4.2% year-over-year (YoY). If we exclude transportation, "core" durable goods were down 0.2% from last month and down 0.2% from last year.

New Orders
New orders for manufactured durable goods in April, up two consecutive months, increased $3.1 billion or 1.1 percent to $283.0 billion, the U.S. Census Bureau announced today. This followed a 3.3 percent March increase. Excluding transportation, new orders decreased 0.2 percent. Excluding defense, new orders decreased 0.6 percent. Transportation equipment, also up two consecutive months, drove the increase, $3.5 billion or 3.7 percent to $97.6 billion.. Download full PDF

Durable Goods

Durable goods refers to tangible products that can be stored or inventoried and that have an average life of at least three years. Durable goods are typically expensive and therefore tend to be purchased when there is confidence in the economy. New orders for durable goods are a leading indicator, meaning when purchases increase it typically hints at an improvement to the economy. On the flip side, when the new orders trend down it is indicating a lack of confidence in the economy.