Research >> Economics
October New Orders for Durable Goods increased 3.0%, Ex-Trans up 0.5%
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New orders for manufactured durable goods in October increased $6.9 billion or 3.0 percent to $239.0 billion, the U.S. Census Bureau announced today. This increase, up following two consecutive monthly decreases, followed a 0.8 percent September decrease. Excluding transportation, new orders increased 0.5 percent. Excluding defense, new orders increased 3.2 percent. Transportation equipment, also up following two consecutive monthly decreases, led the increase, $6.1 billion or 8.0 percent to $82.1 billion.
Shipments of manufactured durable goods in October, down two of the last three months, decreased $2.5 billion, or 1.0 percent, to $240.1 billion. This followed a 0.2 percent September increase. Transportation equipment, also down two of the last three months, led the decrease, $2.0 billion or 2.5 percent to $78.8 billion.
Unfilled orders for manufactured durable goods in October, up following two consecutive monthly decreases, increased $3.5 billion or 0.3 percent to $1,192.0 billion. This followed a 0.5 percent September decrease. Transportation equipment, also up following two consecutive monthly decreases, led the increase, $3.3 billion or 0.4 percent to $798.2 billion.
Inventories of manufactured durable goods in October, down five of the last six months, decreased $0.7 billion, or 0.2 percent, to $397.4 billion. This followed a 0.6 percent September decrease. Primary metals, down nine consecutive months, led the decrease, $0.3 billion or 0.9 percent to $35.7 billion.
Nondefense new orders for capital goods in October increased $9.7 billion or 13.2 percent to $83.2 billion. Shipments decreased $1.2 billion or 1.4 percent to $78.8 billion. Unfilled orders increased $4.4 billion or 0.6 percent to $757.8 billion. Inventories increased less than $0.1 billion or virtually unchanged to $175.6 billion. Defense new orders for capital goods in October increased $0.1 billion or 1.0 percent to $9.6 billion. Shipments increased $0.2 billion or 1.5 percent to $10.7 billion. Unfilled orders decreased $1.1 billion or 0.7 percent to $146.8 billion. Inventories decreased $0.6 billion or 2.6 percent to $21.9 billion.
Revised seasonally adjusted September figures for all manufacturing industries were: new orders, $467.0 billion (revised from $466.3 billion); shipments, $477.6 billion (revised from $477.3 billion); unfilled orders, $1,188.5 billion (revised from $1,187.9 billion); and total inventories, $644.0 billion (revised from $645.1 billion).
Posted: November 25, 2015 Wednesday 08:30 AM