Not surprisingly to many, US durable good orders tumbled (-6.3% MoM) in preliminary April data (better than the 7.8% MoM decline expected), following March's 7.6% MoM tariff-front-running surge (revised down from the initial 9.2% MoM jump).&nbsp;Headline orders remain 2.7% higher on a YoY basis...

Ex-Transports, orders rose 0.2% MoM (better than the unchanged print expected) and up from the downwardly revised 0.2% decline in March...

The value of core capital goods orders, a less-volatile proxy for investment in equipment that excludes aircraft and military hardware, decreased 1.3% last month after an upwardly revised 0.3% gain in March.

Because orders can be canceled, the government uses data on shipments as an input to gross domestic product, which reflect when a payment has been made.&nbsp;

Capital goods shipments rose 3.2%, including defense and commercial aircraft, after a 1% decline in March.

The report showed bookings for commercial aircraft, which are volatile from month to month, slumped 51.5% after rising in April.

Boeing Co. said it received only eight orders in April, the fewest since May 2024. That was down from 192 March orders that were the most since 2023.

...bookings for commercial aircraft, which are volatile from month to month, slumped 51.5% after rising in April.
{ai:summary}US durable goods orders fell 6.3% in April, better than the expected 7.8% decline, following a revised down surge in March. Year-over-year, orders are up 2.7%. Core capital goods orders decreased by 1.3%, while shipments rose 3.2%, including defense and commercial aircraft.Commercial aircraft bookings dropped 51.5% in April, with Boeing reporting only eight orders, the lowest since May 2024, down from 192 in March. This volatility highlights the challenges in the manufacturing sector. #economy

US Durable Goods Orders Slumped in April As Tariff-Frontrunning Furore Fades

Loading...