New Orders for Durable Goods up 3.6% for May

After a recent rough patch, another solid month for durable goods may put manufacturing on the move once again. New orders for manufactured durable goods increased 3.6% to $231 billion for May, according to a Commerce Department report (link opens in PDF) released today.

After bumping up a revised 3.6% in April, May's new orders exceeded analyst expectations by 0.3 percentage points.


Source: Census.gov. 

Although durable goods are on the rise, transportation accounted for most of May's gain. Up three of the last four months, new orders for transportation goods jumped 10.2%. Excluding this sector from overall movements, new orders for durable goods increased 0.7%. This, too, beat analyst expectations of a slight 0.1% slump.

Shipments of goods managed a slight 1.2% increase, also pushed primarily by a 3.6% rise in transportation equipment. Unfilled orders edged up 0.8% on similar gains from transportation, while inventories expanded 0.1% on a 0.8% increase in computer and electronic products supplies. On the heels of a 0.3% increase, inventories (once again) set a new record since data was first recorded in 1992.

link

The article New Orders for Durable Goods up 3.6% for May originally appeared on Fool.com.

You can follow Justin Loiseau on Twitter @TMFJLo and on Motley Fool CAPS @TMFJLo.Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

Read Full Story

Can't get enough business news?

Sign up for Finance Report by AOL and get everything from retailer news to the latest IPOs delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.