Featured Image

Durable Goods Orders Notched Gains at the Start of Q2

While April’s gains in order growth were less impressive compared to previous months, this doesn’t necessarily signal a deterioration in business equipment spending. Get the hard numbers now.
Jun 09, 2022

Headline, nominal durable goods orders climbed 0.4% in April following a revised 0.6% increase in March (from 0.8% previously). Transportation (0.6%) orders climbed higher with a rise in aircraft orders (up 3.5%), driven by stronger nondefense and defense aircraft orders, more than offsetting a slip in motor vehicle orders (down 0.2%). Excluding transportation, durable goods orders rose for a second consecutive month, up 0.3%.

While April’s increases were less impressive than March, Oxford Economics doesn’t believe this signals an oncoming deterioration in business equipment spending. We should expect some moderation in the pace of gains as the recovery matures and tilts in favor of services. Further, a positive fundamental backdrop of solid demand and constrained supply will support equipment spending growth.

PicturePicture
Author
Ian Stringer
Vice President, Data Strategy
Recent intelligence News
Charting Where We Have Been and What May Lie Ahead.
If this were a movie, you might want to head for the exit. But sticking around – which may not be easy – can be rewarding.
Given the recent election, it seems timely to build upon some of this analysis by examining what effect, if any, elections may have on machinery orders, as measured by the U.S. Manufacturing Technology Orders Report published ...
We all know that economically things are at a high level of uncertainty. Inflation, interest rate increases, continuing supply chain snags, rising material costs, employment challenges. I’m not telling you anything that you don’t know ...
Despite a mild recession next year, 2023 does offer opportunities for U.S. machine tools. Learn more from economist Mark Killion, a speaker at the recent MTForecast conference.
Similar News
undefined
Intelligence
By Gary Vasilash | Nov 30, 2022

If this were a movie, you might want to head for the exit. But sticking around – which may not be easy – can be rewarding.

10 min
undefined
Technology
By Michelle Edmonson, CEM | Nov 25, 2022

In the booths, on the main stage, in the sky, and on the show floor.

3 min
undefined
Technology
By Stephen LaMarca | Nov 25, 2022

If you manufacture it, Gen Z will come. Two-photon lithography. SI units have officially been expanded. Is the infinite cloud just smog? Coming up: engineering workforce webinar.

5 min