Economy
June 23, 2015
Durable Goods Orders Decline 1.8% in May
Written by Sandy Williams
New orders for manufactured durable goods orders fell 1.8 percent or $4.1 billion or 1.8 percent to $228.9 billion in May, according the U.S. Census Bureau. Orders have decreased in three of the last four months, including a 1.5 percent decrease in April, and continue to be below the 2010-to-date trendline since late in 2014. The decline was steeper than expected by economists who were expecting a one percent decline. Orders are down by 2.2 percent in the first five months of the year compared to the same period in 2014.
Transportation equipment drove the decrease in new orders for May, falling 6.4 percent to $71.7 billion. Included in transportation equipment is non-defense aircraft and parts orders which fell 35.3 percent since April.
