Economy
June 24, 2021
Orders for Durable Goods Rebound in May
Written by Sandy Williams
Orders for manufactured durable goods rebounded in May after a surprise tumble of 0.8% (revised) in April. Orders rose 2.3 percent to $253.3 billion, reported the U.S. Census Bureau.
Transportation led the increase after falling in April due to the semiconductor shortage that stalled auto production. Transportation jumped 7.6%, more than reversing April’s revised decline of 6.6%. Motor vehicle orders were up 2.1% after an 8.1% plummet the previous month. Nondefense aircraft orders remained strong with a 27.4% increase.
