thumbnail group

Connect With Us:

ME Channels / AeroDef

Durable Goods Orders Rise in April, Led by Trucks, Planes

By Bill Koenig
Senior Editor

New orders for US durable goods rose 3.4% in April, paced by transportation equipment, the Commerce Department said today.

Such orders totaled $235.9 billion last month, up from $228.3 billion in March, the department said in a monthly report by the US Census Bureau, part of the department. Economists polled by the MarketWatch news site forecast an average gain of 0.9%.

Transportation equipment orders surged 8.9% in April to $87.1 billion, according to the report as more cars, trucks and planes were ordered. Excluding transportation, new orders only rose 0.4% last month.

File shot of GM Fort Wayne plant

The auto industry has been one of the primary manufacturing bright spots for the past year amid continued strong sales of light trucks. Makers of vehicles and parts added 6100 jobs in April, the main reason manufacturing added 4000 jobs last month, according to the Bureau of Labor Statistics.

Within the transportation category, new orders for motorized vehicles and parts rose 2.9% to $56 billion in April. The gain followed a 3.2% decline in March.

New orders for commercial aircraft and parts soared 65% to $16.9 billion last month compared with March. That followed two consecutive monthly declines.

Other categories were mixed. Gainers included fabricated metal products, up 3.1% to $30 billion. Decliners included machinery, down 1.9% to $29.2 billion.

Published Date : 5/26/2016

Editor's Picks

Advanced Manufacturing Media - SME
U.S. Office  |  One SME Drive, Dearborn, MI 48128  |  Customer Care: 800.733.4763  |  313.425.3000
Canadian Office  |  7100 Woodbine Avenue, Suite 312, Markham, ON, L3R 5J2  888.322.7333
Tooling U  |   3615 Superior Avenue East, Building 44, 6th Floor, Cleveland, OH 44114  |  866.706.8665