Skip to content
Join our Newsletter
VIA store 300x100
Join our Newsletter

Orders for US big-ticket factory goods drop 17.2% in April

WASHINGTON — U.S. orders for big-ticket factory goods plunged for the second straight month in April as the coronavirus pandemic hammered the economy. The Commerce Department said Thursday that orders for durable goods dropped 17.
nybz403-127_2020_111731

WASHINGTON — U.S. orders for big-ticket factory goods plunged for the second straight month in April as the coronavirus pandemic hammered the economy.

The Commerce Department said Thursday that orders for durable goods dropped 17.2% last month after falling 16.6% in March. Excluding orders for transportation equipment, which can be volatile from month to month, durable goods orders fell 7.4%.

New orders for cars, trucks and auto parts shrank 52.8%.

A category that tracks business investment — orders for nondefense capital goods excluding aircraft — decreased 5.8% after falling 1.1% in March.

The lockdowns, travel restrictions and social distancing measures meant to contain COVID-19 have brought economic activity to a near standstill across the United States.

Still, last month's decline in durable goods orders was slightly less than economists had expected.

Paul Wiseman, The Associated Press