6/24, 2:30 PM (Source: TeleTrader)
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US durable goods up 2.3% in May

New orders for manufactured durable goods in the United States rose 2.3%, or $5.7 billion, month-on-month in May to $253.3 billion, the Census Bureau reported on Thursday. The April figure was revised to $247.6 billion.

Excluding transportation, new orders climbed 0.3% in the same period, while excluding defense, the increase was 1.7%. Transportation equipment led the gains after two consecutive decreases, expanding $5.2 billion or 7.6% to $74.2 billion.

Shipments of manufactured durable goods grew $1.0 billion or 0.4% to $248.3 billion in May, while unfilled orders increased $9.5 billion or 0.8% to $1.21 trillion. Lastly, inventories were up $2.9 billion or 0.8% to arrive at $445.3 billion.

Breaking the News / MD