New orders for manufactured goods in the US plunged by 6.3% from the previous month to $296.3 billion in April of 2025, the sharpest drop since January of 2024, but slightly softer than market expectations of a 7.8% decline.
The result trimmed the revised 7.6% surge from the previous month, pressured by the start of the blanket 10% reciprocal tariffs in the period and a softer demand for goods following the front-loading of orders in the previous period.
Orders sank for transportation equipment (-17.1% to $98.8 billion), mainly on non-defense aircraft and parts (-51.5% to $18.1 billion) as tariff concerns drove airlines to halt demand for Boeing aircraft, which only received eight orders.
In the meantime, orders for capital goods fell sharply (-14.6% to $101.4 billion).
source: U.S. Census Bureau
