Manufactured durable goods saw a slip in demand as new orders fell by 1.3% to $246.2 billion in April, according to the Census Bureau press release. The fall occurs after eleven consecutive months of rises and follows a 1.3% jump in March.
New orders rose by 1.0% without the inclusion of transportation.
New orders were almost unchanged, excluding defense.
Transportation equipment, which fell for the second month, drove the new order demand down by 6.7% or $4.9 billion.
Manufactured goods shipments rose by 0.6% to $248.7 billion and follows another 2.7% jump in March.
Unfilled orders were up for the third consecutive month after surging by 0.2% to $1,197.0 billion.
Manufactured goods inventories gained for the third consecutive month, rising by 0.5% to $441.6 billion.
Nondefense new orders relating to capital goods rose by 3.5% to $80.1 billion.
U.S stocks are currently gaining as the dollar loses. SPY is up 0.35%, QQQ is up 0.075%, EURUSD is up 0.05%.
