durable goods orders grew more slowly in april

Durable goods orders rose a little less than expected in April in the United States, driven by civil aeronautics, the sector which recorded the strongest growth, according to data released Wednesday by the Commerce Department.

The total amount of orders amounted to 265.3 billion dollars, up 0.4% compared to March, the data for which was revised downwards (+0.6% instead of + 0.8% initially announced).

This is a little less than expected by analysts, who expected +0.6%. New orders recorded in the transport sectortake this rise“, Details the Department of Commerce.

An increase in orders in aeronautics

Orders in civil aeronautics recorded an increase of 4.3% compared to March, those of defense aeronautics increased by 1.0%. Orders for defense and space capital goods also did well (+2.5%). Conversely, communications equipment orders were down 1.3% from March.

Goods considered durable are those that have been used for three years or more, such as cars, appliances or electronics. The amounts are not adjusted for inflation, which rose to 8.3% year-on-year in April, which means that buyers have fewer goods for the same amount.

Leave a Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Never miss any important news. Subscribe to our newsletter.