U.S. durable goods orders rise 3.4% in April
This is following from a 1.9% gain in March. Core durables, which exclude transportation, rose 0.4%, against a 0.1% gain in March.
Government statisticians estimated orders rose $7.7bn to $235.9bn, helped by a near 65% surge in new orders for commercial aircraft to reach $16.87bn.
Transportation equipment, which included commercial aircraft, progressed $7.1bn, or 8.9%, to $87.1bn.
Orders for motor vehicles and parts increased 2.9% over the month to $55.96bn and those for computers and those for fabricated metal products by 3.1% to $30.03bn.
Shipments of manufactured durable goods in April advanced $1.5bn, or 0.6%, to $232.5bn, following on from a 0.8% fall in March.
Unfilled orders for manufactured durable goods firmed $6.3bn, or 0.6%, to $1,137.0bn, having been virtually unmoved in March.
Inventories of manufactured durable goods slipped $0.7bn, or 0.2%, to $384.4bn, from a dip of 0.2% in March.
Core capital goods orders, a widely-tracked lead indicator for investment trends which excludes orders from the defence sector and those for aircraft, fell 0.8% over the month to $62.35bn (consensus: 0.3%) and were 4.1% down on a year ago. ■