Durable Goods Orders Fall after Three Months

Durable Goods Orders Fall after Three Months

Orders for manufactured durable goods fell for the first time this year in April as demand for aircraft slumped, the Commerce Department reported Friday.

New orders for manufactured durable goods decreased 1.3 percent to $176.7 billion following three consecutive monthly increases. Excluding the transportation sector, new orders increased 2.8 percent.

Monthly orders for transportation goods, which include large aircraft, are subject to wide swings. Boeing said Wednesday it delivered 108 aircraft in the first quarter, compared with 121 in the first quarter of 2009.

In another sign that manufacturing is recovering, the Commerce Department said inventories of manufactured durable goods increased 0.2 percent to $304.7 billion. It was the third straight monthly increase. Durable-goods inventories rose 0.5 percent in February.

Contact Joseph Bonney at jbonney@joc.com.