Close | X
Tuesday, May 30, 2023 4:36:05 PM EDT




Durable Orders
Briefing.com Updated 26-May-23 09:39AM ET

Durable goods orders increased 1.1% month-over-month in April (Briefing.com consensus -1.0%) following an upwardly revised 3.3% increase (from 3.2%) in March.

Excluding transportation, durable goods orders declined 0.2% month-over-month in April (Briefing.com consensus -0.1%) following a 0.3% increase in March.

New orders for primary metals decreased 0.5% after increasing 0.5% in March.

New orders for fabricated metal products were flat after rising 0.7% in March.

New orders for machinery jumped 1.0% after declining 0.2% in March.

New orders for computers and electronic products fell 1.4% after increasing 1.8% in March.

Transportation equipment orders rose 3.7% after increasing 9.9% in March. New orders for motor vehicles and parts slipped 0.1% after declining 0.2% in March. New orders for defense aircraft and parts surged 32.7% following a 26.9% increase in March.

Shipments of nondefense capital goods excluding aircraft, which factors into GDP computations, were up 0.5% following a 0.2% decline in March.

The key takeaway from the report is that nondefense capital goods orders excluding aircraft -- a proxy for business spending -- increased 1.4% month-over-month after sliding 0.6% in March.
 
APRMARFEBJANDEC
Total Durable Orders1.1%3.3%-2.7%-1.3%4.5%
Less Defense-0.6%3.2%-2.3%-1.8%4.9%
Less Transport-0.2%0.3%0.1%0.3%0.3%
Transportation3.7%9.9%-8.3%-4.2%13.6%
Capital Goods4.6%9.4%-8.5%-4.9%14.3%
Nondefense-0.5%9.8%-8.1%-6.3%16.4%
Nondefense/nonaircarft (core cap gds)1.4%-0.6%-0.2%0.9%0.6%
Defense Cap Goods36.1%6.9%-10.6%4.2%2.0%