New orders for US-made goods plunged in April. Factory orders drop 13% vs 14% expected after falling 11% in March.

Posted on Author News Bitty 0
  • Factory orders fell 8.0% year-on-year in April.
  • The sector remains hobbled by supply chain disruptions following business closures around the globe to slow the spread of COVID-19.
  • Unfilled orders at factories dropped 1.6% in April after falling 2.1% in March.
  • Inventories at factories slipped 0.4%.
  • Shipments of manufactured goods plummeted 13.5%.
  • Transportation equipment orders collapsed 48.3% in April after plunging 43.2% in the prior month.
  • There were no civilian aircraft orders.
  • Bookings for motor vehicles and parts tumbled 29.3%.
  • Machinery orders fell 7.2% in April.
  • Orders for electrical equipment, appliances and components declined 9.0%.