07122020Sun
Last updateThu, 09 Jul 2020 3pm

Manufacturing & The Economy

Durable Goods Orders Rebounded in May

New orders for manufactured durable goods in May increased $26.6 billion or 15.8% to $194.4 billion, the U.S. Department of Commerce announced. This increase, up following two consecutive monthly decreases, followed an 18.1% April decrease. Excluding transportation, new orders increased 4.0%. Excluding defense, new orders increased 15.5%. Transportation equipment, also up following two consecutive monthly decreases, led the increase, $20.9 billion or 80.7% to $46.9 billion.

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