Manufactured goods new orders jumped 8.2% MoM in May, in line with expectations and driven by a 16.4% MoM increase in durable goods new orders.

• Ex-transport new orders were up 0.2% MoM as nondurable goods new orders were only up 0.1% MoM.
• Nondefense capital goods (ex-aircraft) new orders were up 1.7% MoM in May after falling -1.5% MoM in April.
• New orders for consumer goods were only up 0.2% MoM, and orders for construction materials dropped -0.8% MoM.
• Unfilled orders increased 3.4% MoM as a result of a surge in aircraft orders. Inventories edged up 0.1% MoM and 0.8% YoY.