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U.S. durable goods orders decrease in April

Xinhua, May 27, 2015 Adjust font size:

New orders for U.S. manufactured durable goods declined again in April after rebounding in March, the U.S. Commerce Department reported Tuesday.

Orders for durable goods decreased 0.5 percent in April from a month ago to 235.5 billion U.S. dollars, following a 5.1 percent rebound in March. The orders were down two of the last three months.

Orders for transportation equipment, also down two of the last three months, drove the decrease. The orders for transportation fell 2.5 percent to 77.9 billion dollars.

Excluding the volatile transportation sector, new orders for manufactured durable goods increased 0.5 percent in April, suggesting business investment is starting to pick up slowly.

U.S. manufacturing sector has been soft due to weak exports. The manufacturing index, also known as the purchasing managers index (PMI), registered 51.5 percent in April, unchanged from the prior month but below market expectations of 52 percent, according to the Institute for Supply Management (ISM). Endite