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Industry News
30th May 2017

Monday Economic Report – May 30, 2017

Data continued to reflect some easing in manufacturing activity, even as the longer-term trend has been favorable. For instance, new durable goods orders declined 0.7 percent in April, ending four straight months of gains. New orders have edged up just 0.9 percent since April 2016, but excluding transportation, the year-over-year gain was 4.9 percent. The bottom line is that new orders for core capital goods (or nondefense capital goods excluding aircraft) remained flat in April after six consecutive months of growth.

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