New orders for manufactured goods fell -3.7% MoM in April, below expectations of a -3.0% MoM drop and the first decline in five months, following a revised 3.4% MoM jump in March.

• Durable goods orders dropped -6.3% MoM after rising 7.6% in March and were up 4.2% YoY.
• Orders excluding transportation edged down -0.5% MoM, indicating broader softness beyond volatile categories.
• Nondurable goods orders were down -0.9% MoM in April after a -0.7% MoM drop in March, and are now negative on an annual basis at -0.1% YoY.
• Shipments declined -0.3% MoM, heavily affected by a -1.7% MoM drop in consumer goods shipments which offset a 3.1% MoM increase in capital goods shipments.
• Nondefense capital goods (ex-aircraft) shipments edged down -0.1% MoM and -0.4% YoY.