APRIL DURABLE GOODS ORDERS DOWN 0.5%, EX-TRANSPORTS UP 2.5%
April Durable Goods Orders fell 0.5%, the third decrease in 4 months but better than the low end of expectations. New Orders Ex-Transports were up 2.5%, a level not seen since Jul-07.
Ex-Defense, Orders dropped 0.3% versus a prior reading of up 0.3%. Electrical Equipment, Appliances and components orders lept 27.8% after a 18.9% decline in March.
Non-Defense Capital Goods Orders were down 1.4%, Ex Aircraft they were up 4.2%. Non-Defense Aircraft and Parts New Orders fell 24.4%.
Defense Capital Goods Orders were up 4.8% after falling 12.5% in March.
Shipments of Manufactured Durable Goods were up 1.2% following a 0.9% decrease in March. The Total Value of Shipments was up 1.2% and Inventories were up 0.5%. Total Unfilled Orders rose for the 26th time in 27 months, rising 1%.
Overall, Durable Goods Ex Transports shows improvement but the Headline Data still displays a weak tone to Orders.