Research >> Economics
New orders for durable goods decreased 1.0%
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New orders for manufactured durable goods in November decreased $1.8 billion or 1.0 percent to $186.9 billion, the U.S. Census Bureau announced today. This was the fourth consecutive monthly decrease and followed an 8.4 percent October decrease. Excluding transportation, new orders increased 1.2 percent. Excluding defense, new orders decreased 0.9 percent.
Shipments of manufactured durable goods in November, down four consecutive months, decreased $5.3 billion or 2.6 percent to $195.9 billion. This followed a 3.4 percent October decrease.
Unfilled orders for manufactured durable goods in November, down two consecutive months, decreased $5.1 billion or 0.6 percent to $815.6 billion. This followed a 0.9 percent October decrease.
Inventories of manufactured durable goods in November, up sixteen of the last seventeen months, increased $1.6 billion or 0.5 percent to $342.9 billion. This was at the highest level since the series was first stated on a NAICS basis in 1992 and followed a 0.4 percent October increase.
Posted: December 24, 2008 Wednesday 01:04 PM