Research >> Economics
New Orders for Durable Goods Increased 3.5%, Ex-Trans Up 1.2%
|
New orders for manufactured durable goods in November increased $8.2 billion or 3.5 percent to $241.6 billion, the U.S. Census Bureau announced today. This increase, up three of the last four months, followed a 0.7 percent October decrease. Excluding transportation, new orders increased 1.2 percent. Excluding defense, new orders increased 3.5 percent. Transportation equipment, also up three of the last four months, led the increase, $6.3 billion or 8.4 percent to $81.2 billion. This was led by nondefense aircraft and parts, which increased $3.9 billion.
Shipments of manufactured durable goods in November, up four consecutive months, increased $4.1 billion or 1.8 percent to $238.3 billion. This was at the highest level since the series was first published on a NAICS basis in 1992, and followed a 0.6 percent October increase. Machinery, also up four consecutive months, led the increase, $1.5 billion or 4.5 percent to $35.6 billion.
Unfilled orders for manufactured durable goods in November, up nine of the last ten months, increased $10.5 billion or 1.0 percent to $1,058.5 billion. This was at the highest level since the series was first published on a NAICS basis, and followed a 0.6 percent October increase. Transportation equipment, up three consecutive months, led the increase, $8.4 billion or 1.3 percent to $654.3 billion.
Inventories of manufactured durable goods in November, up seven of the last eight months, increased $1.2 billion or 0.3 percent to $384.7 billion. This was at the highest level since the series was first published on a NAICS basis, and followed a 0.3 percent October increase. Transportation equipment, up eighteen of the last nineteen months, led the increase, $0.5 billion or 0.4 percent to $120.8 billion.
Nondefense new orders for capital goods in November increased $7.5 billion or 9.4 percent to $88.0 billion. Shipments increased $1.0 billion or 1.3 percent to $75.0 billion. Unfilled orders increased $13.0 billion or 2.1 percent to $636.6 billion. Inventories increased $1.0 billion or 0.5 percent to $175.1 billion. Defense new orders for capital goods in November increased $0.5 billion or 6.3 percent to $9.2 billion. Shipments increased $0.9 billion or 9.6 percent to $10.8 billion. Unfilled orders decreased $1.6 billion or 0.9 percent to $165.3 billion. Inventories decreased $0.5billion or 2.1 percent to $22.5 billion.
Revised seasonally adjusted October figures for all manufacturing industries were: new orders, $489.1 billion (revised from $486.9 billion); shipments, $489.8 billion (revised from $489.3 billion); unfilled orders, $1,048.0 billion (revised from $1,046.2 billion); and total inventories $633.6 billion (revised from $633.5 billion).
Posted: December 24, 2013 Tuesday 08:30 AM