FXtreet.com (Barcelona) - Durable good orders have declined in April, posting their third decrease in four years, but the decline has not been as steep as expected and it was mainly due to transport equipment, according to the Commerce Department.
Orders for items meant to live larger than three years, have decreased 0.5% in April or $1.0 billion, to a total amount of $214.4 billion. April's decrease has been softer than expected, as market analysts had advanced a decline of around 1.1%.
Excluding transportation, new orders increased 2.5% and excluding defence, orders decreased 0.3%. Shipments of manufacturing durable goods have increased 1.2% after a 0.9% decrease in March.