Durable goods orders decline
New orders for manufactured durable goods decreased 0.5 percent in April to $235.5 billion.
Excluding the volatile commercial aircraft industry, which soared by 40.7 percent in March but declined 4 percent in April, new orders increased 0.5 percent.
The U.S.Census Bureau said the decrease in factory orders followed a 5.1 percent March increase.
Orders for primary metals fell 2.1 percent in April, while new orders for machinery increased by 3.1 percent.
Shipments of manufactured durable goods decreased 0.1 percent to $240.5 billion. This followed a 1.5 percent March increase.
INDUSTRIAL SUPPLY MAGAZINE
The March/April issue of Industrial Supply magazine features an in-depth cover story about Joyce Lansdale and Vallen. Plus, we're featuring articles by contributing writers Dirk Beveridge, Frank Hurtte, and David Kahle, as well as interviews with numerous product and distribution industry experts.
