Orders for U.S. manufactured durable goods rebounded 1.9 percent in May after a decrease of 2.7 percent in April, the Commerce Department reported Friday.
Orders for the long-lasting manufactured products in May increased 3.6 billion U.S. dollars from April to 195.6 billion dollars, the department said.
The weakness in April reflected the supply chain disruptions stemming from the Japanese earthquake in March. Demand for motor vehicles and parts, an industry heavily dependent on Japanese component parts, saw a decline in orders of 4.4 percent in April, the biggest drop since last August.
As the earthquake effects reduces, orders for U.S manufactured goods is gradually recovering.
Excluding the volatile transportation sector, new orders for U.S. manufactured goods increased 0.6 percent last month.
The manufacturing sector in the world's largest economy was hit hard by the global financial crisis. For all of 2009, durable goods orders plunged by 20.2 percent, the largest drop on records that go back to 1992. It has been a bright spot that helped drive growth during the early stages of the U.S. economic recovery.
Inventories of manufactured durable goods in May, up seventeen straight months, increased 1.2 percent to 355.4 billion dollars in another sign of economic improvement.
Source:Xinhua Weekly review
Orders for the long-lasting manufactured products in May increased 3.6 billion U.S. dollars from April to 195.6 billion dollars, the department said.
The weakness in April reflected the supply chain disruptions stemming from the Japanese earthquake in March. Demand for motor vehicles and parts, an industry heavily dependent on Japanese component parts, saw a decline in orders of 4.4 percent in April, the biggest drop since last August.
As the earthquake effects reduces, orders for U.S manufactured goods is gradually recovering.
Excluding the volatile transportation sector, new orders for U.S. manufactured goods increased 0.6 percent last month.
The manufacturing sector in the world's largest economy was hit hard by the global financial crisis. For all of 2009, durable goods orders plunged by 20.2 percent, the largest drop on records that go back to 1992. It has been a bright spot that helped drive growth during the early stages of the U.S. economic recovery.
Inventories of manufactured durable goods in May, up seventeen straight months, increased 1.2 percent to 355.4 billion dollars in another sign of economic improvement.
Source:Xinhua Weekly review
