New orders for manufactured durable goods took a dive in May in a sign of a weakening economy. Orders decreased $6.1 billion or 2.8 percent to $213 billion, the U.S. Census Bureau announced June 27.
A big decline in civilian aircraft orders was a major part of the weaker than expected performance coming after three months of modest increases. Orders increased 1.1 percent in April.
Shipments increased marginally, up $900 million or 0.4 percent to $214.4 billion, a much smaller increase than the 2 percent in April.
Unfilled orders increased $5.8 billion or 0.8 percent to $725.3 billion. This continued a nearly uninterrupted two year run of increasing unfilled orders, but it was a small increase compared to the 1.9 percent jump in April.
Inventories increased $700 million or 0.2 percent to $313.2 billion. The growth was half the 0.4 percent increase in April.
Nondefense new orders for capital goods in May decreased $6.5 billion or 8.3 percent to $71.8 billion. Defense new orders for capital goods in May increased $0.5 billion or 6.7 percent to $8.2 billion.