A Surge in Durable Goods Orders is Fueled by Motor Vehicles and Parts

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via mishtalk:

Durable good orders are always volatile, transportation is the usual culprit. But this was a huge upside surprise.

Durable goods orders from the commerce department, chart by Mish.

New Orders

  • New orders for manufactured durable goods in May, up three consecutive months, increased $4.9 billion
    or 1.7 percent to $288.2 billion.
  • This followed a 1.2 percent April increase. Excluding transportation, new orders increased 0.6 percent.
  • Excluding defense, new orders increased 3.0 percent.
  • Transportation equipment, also up three consecutive months, led the increase, $3.9 billion or 3.9 percent to $102.6 billion.
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Shipments

  • Shipments of manufactured durable goods in May, up two of the last three months, increased $4.8 billion
    or 1.7 percent to $282.7 billion.
  • This followed a 0.6 percent April decrease.
  • Transportation equipment, also up two of the last three months, led the increase, $4.0 billion or 4.6 percent to $91.8 billion.
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