TopNews

Manufacturers' Orders Slip After Five Months of Growth

June 24, 2010

SHARING TOOLS        | Print Subscribe
After five straight months of increases, new orders for manufactured durable goods were down 1.1 percent, or $2.2 billion, in May
, the U.S. Census Bureau said. New orders totaled $192 billion for May. This follows a 3 percent boost in April.

The Census Bureau said transportation equipment, which has been down for the last four months, took the biggest hit, slipping 6.9 percent to $46.9 billion. The decrease was led by nondefense aircraft and parts.

Shipments of manufactured durable goods decreased 0.4 percent to $196 billion in May, following two straight months of increases.

Meanwhile, inventories gained 0.8 percent, or $2.5 billion, in May, to total $304.4 billion. This is its fifth straight monthly increase. Within inventories, primary metals had the largest gain, growing 3 percent.

Comment On This Story

Name:  
Email:  
Comment: (Maximum 2000 characters)  
Leave this field empty:
* Please note that every comment is moderated.

Newsletter

We offer e-newsletters that deliver targeted news and information for the entire fleet industry.

GotQuestions?
sponsored by
sponsor logo

ELDs and Telematics

Scott Sutarik from Geotab will answer your questions and challenges

View All
GotQuestions?

Sleeper Cab Power

Steve Carlson from Xantrex will answer your questions and challenges

View All