Orders For Durables Drop, As Expected

May 24, 2006
Significant declines in new orders for aircraft, both civilian and military, and communications equipment resulted in a 4.8% drop in overall new orders for manufactured durable goods in April, the U.S. Commerce Department reported on May 24. New orders ...

Significant declines in new orders for aircraft, both civilian and military, and communications equipment resulted in a 4.8% drop in overall new orders for manufactured durable goods in April, the U.S. Commerce Department reported on May 24.

New orders for durables totaled $210.2 billion in April; thy totaled $220.7 billion in March. April's decline followed two consecutive months of increases.

Excluding transportation, new orders for manufactured durables decreased 1.1% last month. New orders for capital goods fell 8.1%, with new orders for non-defense capital goods declining 6%.

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