FX.co ★ US Durable Goods Plunge in April

In April 2025, new orders for manufactured goods in the United States experienced a significant decline, dropping by 6.3% from the prior month to reach $296.3 billion. Although this marked the steepest decrease since January 2024, it was somewhat less severe than the market's anticipated decline of 7.8%. This downturn followed a revised surge of 7.6% in the preceding month and was largely attributed to the introduction of a comprehensive 10% reciprocal tariff and a decrease in demand due to the prior rush of orders. The decline was notably pronounced in the transportation equipment sector, which fell 17.1% to $98.8 billion, driven primarily by a substantial 51.5% decrease in orders for non-defense aircraft and parts to $18.1 billion, as concerns over tariffs led airlines to pause their purchases of Boeing aircraft, resulting in only eight orders. Additionally, orders for capital goods also saw a significant drop of 14.6%, totaling $101.4 billion.