Durable goods orders edge higher
May 24, 2012
Higher sales for automobiles and parts turned an otherwise negative April for manufactured durable goods into a positive one, according to U.S. Census Bureau estimates. Overall, new orders for manufactured goods increased $0.3 billion, or 0.2%, to $215.5 billion. The increase — the second in three months — followed a 3.7% decrease in March. Excluding transportation, however, new orders decreased 0.6%. Transportation equipment was up 2.1% due to a $2.3 billion increase in motor vehicle and parts orders. Meanwhile defensive-related durable goods were a drag on the overall figures. Excluding defense, new orders increased 1.2%. Nondefense new orders for capital goods in April decreased $0.1 billion, or 0.2%, to $70.0 billion.
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