US core capital goods orders rise in April

The US Commerce Department said today that non-defense core capital goods orders excluding aircraft rose 2.3% in April versus 1.6% in March, and analysts had expected core capital goods orders to rise 1.0% in April. On an annual basis, core capital goods orders rose 14.7% in the 12 months to April, and core capital goods shipments rose 0.9% in April after rising 1.5% in March.

Durable goods orders fell 1.3% in April after rising 1.3% in March due to transportation equipment orders dropping 6.7% in April after declining 3.1% in March, while civilian aircraft orders increased 17.4% in April.