Research >> Economics
June New Orders for Durable Goods Increased 6.5%, Ex-Trans up 0.2%
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New Orders
New orders for manufactured durable goods in June increased $14.9 billion or 6.5 percent to $245.6 billion, the U.S. Census Bureau announced today. This increase, up following two consecutive monthly decreases, followed a 0.1 percent May decrease. Excluding transportation, new orders increased 0.2 percent. Excluding defense, new orders increased 6.7 percent. Transportation equipment, also up following two consecutive monthly decreases, led the increase, $14.6 billion or 19.0 percent to $91.6 billion.
Shipments
Shipments of manufactured durable goods in June, down three of the last four months, decreased $0.1 billion or virtually unchanged to $236.0 billion. This followed a 1.2 percent May increase. Transportation equipment, down five of the last six months, drove the decrease, $0.4 billion or 0.6 percent to $78.8 billion.
Unfilled Orders
Unfilled orders for manufactured durable goods in June, up three of the last four months, increased $14.2 billion or 1.3 percent to $1,135.6 billion. This followed a 0.1 percent May decrease. Transportation equipment, also up three of the last four months, led the increase, $12.8 billion or 1.7 percent to $776.8 billion.
Inventories
Inventories of manufactured durable goods in June, up eleven of the last twelve months, increased $1.6 billion or 0.4 percent to $397.0 billion. This followed a 0.1 percent May increase. Machinery, up seven of the last eight months, led the increase, $0.8 billion or 1.2 percent to $68.3 billion.
Capital Goods
Nondefense new orders for capital goods in June increased $14.7 billion or 21.0 percent to $84.6 billion. Shipments increased $0.3 billion or 0.4 percent to $70.9 billion. Unfilled orders increased $13.8 billion or 2.0 percent to $709.8 billion. Inventories increased $1.0 billion or 0.6 percent to $177.6 billion. Defense new orders for capital goods in June increased $0.4 billion or 3.8 percent to $9.7 billion. Shipments decreased $0.2 billion or 2.2 percent to $10.0 billion. Unfilled orders decreased $0.3 billion or 0.2 percent to $140.3 billion. Inventories increased less than $0.1 billion or 0.1 percent to $22.5 billion.
Revised May Data
Revised seasonally adjusted May figures for all manufacturing industries were: new orders, $466.8 billion (revised from $464.9 billion); shipments, $472.3 billion (revised from $471.5 billion); unfilled orders, $1,121.4 billion (revised from $1,120.2 billion) and total inventories, $648.4 billion (revised from $648.9 billion).
Posted: July 27, 2017 Thursday 08:30 AM