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Durables Orders Flat in May |
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Written by Mike Buetow
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Wednesday, 25 June 2008 |
WASHINGTON -- May orders to factories for manufactured
durables were flat, ending a two-month slump, on demand for aircraft and
computers, the Commerce
Department said today.
Orders for durable goods -- items that are designed to last three or more years -- showed no change in May, after falling 1% in April and 0.2% in March.
For the month, computer equipment was up 10.1% and communications
equipment was up 2.4%. The transportation sector was up 2.6%, with
commercial aircraft orders up 10.3%
and military planes and parts up 14.9%. Autos were down 3.3%.
However, some macro signs were troublesome. Orders for
non-transportation sector durable goods fell 0.9%. And orders for
non-defense capital goods excluding aircraft fell 0.8%, reversing a
3.1% hike in April.
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