Financial News: U.S. Durable Goods Orders Plunge 6.3% In April

U.S. Durable Goods Orders Plunge 6.3% In April As Aircraft Orders Plummet

05/27/2025 - 10:06:00 (RTTNews)

(RTTNews) - With orders for transportation equipment pulling back sharply, the Commerce Department released a report on Tuesday showing a steep drop by new orders for U.S. manufactured durable goods in the month of April.

The Commerce Department said durable goods orders tumbled by 6.3 percent in April after surging by a downwardly revised 7.6 percent in March.

Economists had expected durable goods orders to plunge by 7.9 percent compared to the 9.2 percent spike that had been reported for the previous month.

"Durable goods orders in April didn't decline as much as anticipated, but the underlying trend in equipment demand is weak amid policy uncertainty and a fading boost from tariff front-running in certain sectors," said Bernard Yaros, Lead U.S. Economist at Oxford Economics.

The sharp pullback by durable goods orders came as orders for transportation equipment nosedived by 17.1 percent in April after soaring by 23.5 percent in March.

Orders for non-defense aircraft and parts led the way lower, plummeting by 51.5 percent in April after skyrocketing by 158.5 percent in March.

Excluding the steep drop by orders for transportation equipment, durable goods orders rose by 0.2 percent in May after dipping by 0.2 percent in April. Ex-transportation orders were expected to edge down by 0.1 percent.

The unexpected uptick by ex-transportation orders reflected increases by orders for fabricated metal products, machinery and computers and electronic products.

Meanwhile, the Commerce Department said orders for non-defense capital goods excluding aircraft, a key indicator of business spending, slumped by 1.3 percent in April after rising by 0.3 percent in March.

Shipments in the same category, which is the source data for equipment investment in GDP, edged down by 0.1 percent in April after climbing by 0.5 percent in the previous month.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

Japan Producer Prices Ease To 3.2% On Year In June (08 min(s), 20 sec(s) ago)
(RTTNews) - Producer prices in Japan were up 3.2 percent on year in June, the Bank of Japan said o ...Full Story»

Tokyo Inflation Slows To 2.9% Annually In July (34 min(s), 20 sec(s) ago)
(RTTNews) - Overall consumer prices in the Tokyo region of Japan were up 2.9 percent on year in Ju ...Full Story»

Japan Inflation Data Due On Friday (02 hr(s), 14 min(s), 20 sec(s) ago)
(RTTNews) - Japan will on Friday release July figures for Tokyo inflation, highlighting a light da ...Full Story»

Turkish Central Bank Slashes Interest Rate To 43% (02 hr(s), 56 min(s), 20 sec(s) ago)
(RTTNews) - Turkey's central bank lowered interest rates more than expected on Thursday in a b ...Full Story»

U.S. New Home Sales Rebound Much Less Than Expected In June (08 hr(s), 55 min(s), 20 sec(s) ago)
(RTTNews) - After reporting a steep drop by new home sales in the U.S. in the previous month, the ...Full Story»

Treasury Announces Details Of Two-Year, Five-Year & Seven-Year Note Auctions (08 hr(s), 54 min(s), 20 sec(s) ago)
(RTTNews) - The Treasury Department on Thursday announced the details of this month's auctions ...Full Story»

U.S. Initial Jobless Claims Unexpectedly Dip To 217,000 (09 hr(s), 37 min(s), 20 sec(s) ago)
(RTTNews) - The Labor Department released a report on Thursday unexpectedly showing another modest ...Full Story»

ECB Leaves Rates Unchanged As Expected (10 hr(s), 21 min(s), 20 sec(s) ago)
(RTTNews) - The European Central Bank held its key interest rates steady on Thursday, in line with ...Full Story»