Research >> Economics
July New Orders for Durable Goods decreased 1.7%, Ex-Trans up 0.2%
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New Orders
New orders for manufactured durable goods in July decreased $4.3 billion or 1.7 percent to $246.9 billion, the U.S. Census Bureau announced today. This decrease, down three of the last four months, followed a 0.7 percent June increase. Excluding transportation, new orders increased 0.2 percent. Excluding defense, new orders decreased 1.0 percent. Transportation equipment, also down three of the last four months, drove the decrease, $4.6 billion or 5.3 percent to $82.8 billion.
Shipments
Shipments of manufactured durable goods in July, down following two consecutive monthly increases, decreased $0.5 billion or 0.2 percent to $250.8 billion. This followed a 1.6 percent June increase. Transportation equipment, down three of the last four months, drove the decrease, $1.6 billion or 1.9 percent to $83.9 billion.
Unfilled Orders
Unfilled orders for manufactured durable goods in July, up eight of the last nine months, increased $0.1 billion or virtually unchanged to $1,164.7 billion. This followed a 0.3 percent June increase. Computers and electronic products, up five consecutive months, drove the increase, $0.3 billion or 0.3 percent to $115.3 billion.
Inventories
Inventories of manufactured durable goods in July, up eighteen of the last nineteen months, increased $5.0 billion or 1.3 percent to $408.3 billion. This followed a virtually unchanged June decrease. Transportation equipment, up three of the last four months, led the increase, $4.4 billion or 3.5 percent to $131.3 billion.
Capital Goods
Nondefense new orders for capital goods in July decreased $3.6 billion or 4.6 percent to $74.7 billion. Shipments decreased $3.3 billion or 4.2 percent to $74.9 billion. Unfilled orders decreased $0.2 billion or virtually unchanged to $714.0 billion. Inventories increased $3.8 billion or 2.2 percent to $178.6 billion. Defense new orders for capital goods in July decreased $0.9 billion or 8.0 percent to $10.8 billion. Shipments decreased $0.1 billion or 0.7 percent to $11.4 billion. Unfilled orders decreased $0.5 billion or 0.4 percent to $147.0 billion. Inventories increased less than $0.1 billion or virtually unchanged to $22.9 billion.
Revised June Data
Revised seasonally adjusted June figures for all manufacturing industries were: new orders, $501.4 billion (revised from $501.7 billion); shipments, $501.6 billion (revised from $501.4 billion); unfilled orders, $1,164.7 billion (revised from $1,165.2 billion) and total inventories, $669.6 billion (revised from $669.3 billion).
Posted: August 24, 2018 Friday 08:30 AM