Core U.S. Capital Goods Surprisingly Rise Again in May - Modern Distribution Management

Core U.S. Capital Goods Surprisingly Rise Again in May

The April data was revised lower, however, indicating businesses remained cautious about investing amid economic uncertainty.
Large factory hall, blue-collar workers at work. Shipyard, heavy industry

New orders for key U.S.-manufactured capital goods surprisingly increased in May, according to data released by the U.S. Census Bureau on June 27.

Orders for non-defense capital goods increased 0.7% in May, but data for April was revised lower to show the so-called “core capital goods” rising 0.6% instead of 1.3% as previously reported.

The revised April data suggests businesses remained cautious about investing amid economic uncertainty, according to an analysis from Yahoo News.

Economists polled by Reuters had forecast core capital goods orders would be unchanged, according to Yahoo News.

New orders for manufactured durable goods in May — up three consecutive months — increased $4.9 billion, or 1.7%, to $288.2 billion, according to the Census Bureau. This followed a 1.2% April increase.

Excluding transportation, new orders increased 0.6%. Excluding defense, new orders increased 3%. Transportation equipment, also up three consecutive months, led the increase, with $3.9 billion, or 3.9%, to $102.6 billion.

Shipments of manufactured durable goods in May, which have risen two of the last three months, increased $4.8 billion, 1.7%, to $282.7 billion. That follows a 0.6% April decrease. Transportation equipment, also up two of the last three months, led the increase, at $4.0 billion, or 4.6%, to $91.8 billion.

Related Posts

Share this article

About the Author
Recommended Reading
Leave a Reply

Leave a Comment

Sign Up for the MDM Update Newsletter

The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.

2

articles left

Want more Premium content from MDM?

Subscribe today and get:

  • New issues twice each month
  • Unlimited access to mdm.com, including 10+ years of archived data
  • Current trends analysis, market data and economic updates
  • Discounts on select store products and events

Subscribe to continue reading

MDM Premium Subscribers get:

  • Unlimited access to MDM.com
  • 1 year digital subscription, with new issues twice a month
  • Trends analysis, market data and quarterly economic updates
  • Deals on select store products and events

1

article
left

You have one free article remaining

Subscribe to MDM Premium to get unlimited access. Your subscription includes:

  • Two new issues a month
  • Access to 10+ years of archived data on mdm.com
  • Quarterly economic updates, trends analysis and market data
  • Store and event discounts

To continue reading, you must be an MDM Premium subscriber.

Join other distribution executives who use MDM Premium to optimize their business. Our insights and analysis help you enter the right new markets, turbocharge your sales and marketing efforts, identify business partners that help you scale, and stay ahead of your competitors.

Register for full access

By providing your email, you agree to receive announcements from us and our partners for our newsletter, events, surveys, and partner resources per MDM Terms & Conditions. You can withdraw consent at any time.

Learn More about Custom Reports

Request a Market Prospector Demo

  • This field is for validation purposes and should be left unchanged.

Get the MDM Update Newsletter

Wholesale distribution news and trends delivered right to your inbox.

Sign-up for our free newsletter and get:

  • Up-to-date news in a quick-to-read format
  • Free access to webcasts, podcasts and live events
  • Exclusive whitepapers, research and reports
  • And more!