ELFA - Equipment Leasing and Finance Association - Equipping Business for Success

Durable Goods Orders Declined 0.6% in May

Posted 06/28/2018
New orders for manufactured durable goods in May decreased $1.4 billion, or 0.6 percent, to $248.8 billion, according to the U.S. Census Bureau. This decrease, down two consecutive months, followed a 1.0 percent April decrease. Excluding transportation, new orders decreased 0.3 percent. Excluding defense, new orders decreased 1.5 percent.  Transportation equipment, also down two consecutive months, led the decrease, $0.9 billion or 1.0 percent, to $86.1 billion.

The revised seasonally adjusted April figure  for all manufacturing industries for new orders was $496.0 billion, revised from $494.4 billion.

Visit here to read the full report.
Author
ELFA Editorial Staff