FXstreet.com (Barcelona) - Factory orders have increased in April for the second consecutive month, despite the analysts' expectations of a mild decline, according to the latest report by the US Commerce Department.
New orders for manufactured goods have increased 1.1% in April to $445.2 billion, after a revised 1.5% increase posted in March. April's increase improves widely the experts' expectations of a 0.1% increase.
Declining orders for transportation equipment, 7.9% down on the month, following a 5.1% decline in March, have weighed on the total volume of orders, excluding transportation goods, orders would have risen 2.6%. Demand for durable gods also fell, 0.6% down in April, after a 0.5% decline in March.
On the positive side, demand for non durable goods rose 2.8% in April, following a 3.1% increase in March. Non defence capital goods orders, excluding aircraft increased 4.0% in April, after having declined 1.0% in March. Defence capital goods orders rose 1.4% in April after a 13.2% decline in March.