Research >> Economics
New Orders for Durable Goods Decreased 4.3%, Ex-Trans Down 1.6%
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New orders for manufactured durable goods in December decreased $10.3 billion or 4.3 percent to $229.3 billion, the U.S. Census Bureau announced today. This decrease, down two of the last three months, followed a 2.6 percent November increase. Excluding transportation, new orders decreased 1.6 percent. Excluding defense, new orders decreased 3.7 percent. Transportation equipment, also down two of the last three months, led the decrease, $7.7 billion or 9.5 percent to $73.1 billion. This was led by nondefense aircraft and parts, which decreased $3.8 billion.
Shipments of manufactured durable goods in December, down following four consecutive monthly increases, decreased $4.5 billion or 1.9 percent to $232.8 billion. This followed a 1.3 percent November increase. Transportation equipment, also down following four consecutive monthly increases, led the decrease, $4.1 billion or 5.7 percent to $68.3 billion.
Unfilled orders for manufactured durable goods in December, up ten of the last eleven months, increased $3.9 billion or 0.4 percent to $1,061.5 billion. This was at the highest level since the series was first published on a NAICS basis in 1992, and followed a 0.9 percent November increase. Transportation equipment, up four consecutive months, drove the increase, $4.8 billion or 0.7 percent to $659.1 billion.
Inventories of manufactured durable goods in December, up eight of the last nine months, increased $3.0 billion or 0.8 percent to $387.8 billion. This was at the highest level since the series was first published on a NAICS basis, and followed a 0.3 percent November increase. Transportation equipment, up nineteen of the last twenty months, led the increase, $1.3 billion or 1.1 percent to $122.1 billion.
Nondefense new orders for capital goods in December decreased $4.3 billion or 5.0 percent to $82.5 billion. Shipments increased $0.6 billion or 0.8 percent to $75.4 billion. Unfilled orders increased $7.1 billion or 1.1 percent to $642.7 billion. Inventories increased $1.2 billion or 0.7 percent to $176.7 billion. Defense new orders for capital goods in December decreased $1.9 billion or 21.5 percent to $6.8 billion. Shipments decreased $1.3 billion or 11.5 percent to $9.6 billion. Unfilled orders decreased $2.8 billion or 1.7 percent to $161.9 billion. Inventories increased $0.5 billion or 2.1 percent to $22.9 billion.
Revised seasonally adjusted November figures for all manufacturing industries were: new orders, $495.9 billion (revised from $497.9 billion); shipments, $493.6 billion (revised from $494.6 billion); unfilled orders, $1,057.6 billion (revised from $1,058.5 billion); and total inventories $633.8 billion (revised from $633.4 billion).
Posted: January 28, 2014 Tuesday 08:30 AM