US: New orders for manufactured goods in Apr decreased $4.0 bln or 0.8%

Eren Sengezer FXStreet

"New orders for manufactured goods in April, down following two consecutive monthly increases, decreased $4.0 billion or 0.8 percent to $494.4 billion, the U.S. Census Bureau reported today," the U.S. Census Bureau reported on Monday.

Key takeaways from the original report

Shipments, up eleven of the last twelve months, increased $0.1 billion or virtually unchanged to $492.8 billion.
Unfilled orders, up five of the last six months, increased $5.4 billion or 0.5 percent to $1,153.1 billion.
The inventories-to-shipments ratio was 1.35, unchanged from March.
New orders for manufactured durable goods in April, down following two consecutive monthly increases, decreased $4.1 billion or 1.6 percent to $248.6 billion, up from the previously published 1.7 percent decrease.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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