Economy
May 29, 2018
Durable Goods Orders, Minus Transportation, Show Increase
Written by Sandy Williams
Orders for manufactured goods fell 1.7 percent in April to $248.5 billion, according to the latest Commerce Department data. Transportation equipment drove the decrease, declining $5.6 billion, or 6.1 percent, to $87.1 billion. Orders for commercial jets plummeted 29 percent in April after soaring 61 percent in March. Excluding transportation orders, the index rose 0.9 percent.
Core capital goods orders, minus defense and aircraft, rose 1 percent in April, reversing March’s 0.9 percent decline and signaling a rebound in business investment after a slow first quarter.
