US durable goods new orders dropped -6.3% MoM in April, better than the expected drop of -7.8% MoM.

• Ex transport new orders saw a slight gain of 0.2% MoM (vs -0.1% MoM expected).
• The machinery (+1.0% MoM), fabricated metal products (+0.8% MoM), and electronics (+1.0% MoM) all saw strong monthly new order gains.
• Transport equipment new orders fell -17.1% MoM with motor vehicle orders down -2.9% MoM and nondefense aircraft & parts orders down -51.5% MoM.
• Nondefense capital goods (ex-aircraft) dropped -1.3% MoM, the largest drop since October 2024. Shipments were also weak, down -0.1% MoM and -0.4% YoY.
• Despite the sharp monthly decline in April, durable goods new orders were up 4.2% YoY, and shipments were up 0.4% MoM and 1.9% YoY.
• Ex transport durable goods unfilled orders fell -0.1% MoM, and inventories increased 0.2% MoM (for the second month in a row).