New orders for manufactured goods made in the United States grew for the seventh straight month in April, albeit at a slower pace.
- New orders for manufactured goods stood at $533.2 billion in April, marking a 0.3% growth, versus the $531.4 billion in March when growth was 1.9%. This is the seventh straight month of growth since October 2021.
- New orders for manufactured durable goods increased by $1.3 billion or 0.5% to $265.5 billion, while new orders for manufactured nondurable goods jumped by $0.5 billion or 0.2% to $267.7 billion.
- Shipments of manufactured goods grew by $.04 billion or 0.1% to $264.4 billion, following the 1.4% March increase. Manufactured nondurable goods increased $0.5 billion or 0.2% to $267.7 billion.
- Unfilled orders for manufactured durable goods grew by $6.0 billion or 0.5% to $1.106 trillion, led mainly by transportation equipment which climbed by $4.3 billion or 0.7% to $637.3 billion.
Inventories for manufactured durable goods grew 0.8% to $479.7 billion and manufactured nondurable goods by 0.1% to $306.4 billion.
QQQ is up 0.92%, while SPY is up 0.48%.
Source: US Census Bureau
