Research >> Economics
New Orders for Durable Goods Decreased 2.1%, Ex-Trans up 0.1%
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New orders for manufactured durable goods in June decreased $4.0 billion or 2.1 percent to $192.0 billion, the U.S. Census Bureau announced today. This decrease, down two of the last three months, followed a 1.9 percent May increase. Excluding transportation, new orders increased 0.1 percent. Excluding defense, new orders decreased 1.8 percent. Transportation equipment, also down two of the last three months, had the largest decrease, $4.2 billion or 8.5 percent to $45.4 billion. This was due to nondefense aircraft and parts which decreased $2.8 billion.
Shipments of manufactured durable goods in June, up six of the last seven months, increased $1.0 billion or 0.5 percent to $196.0 billion. This followed a 0.5 percent May increase. Machinery, up four of the last five months, had the largest increase, $0.7 billion or 2.6 percent to $29.1 billion.
Unfilled orders for manufactured durable goods in June, up fourteen of the last fifteen months, increased $2.1 billion or 0.2 percent to $862.7 billion. This followed a 0.9 percent May increase. Machinery, up seventeen consecutive months, had the largest increase, $2.1 billion or 2.0 percent to $111.2 billion. This was at the highest level since the series was first published on a NAICS basis in 1992 and followed a 3.4 percent May increase.
Inventories of manufactured durable goods in June, up eighteen consecutive months, increased $1.6 billion or 0.4 percent to $357.2 billion. This was at the highest level since the series was first published on a NAICS basis and followed a 1.2 percent May increase. Transportation equipment, also up eighteen consecutive months, had the largest increase, $1.2 billion or 1.1 percent to $109.1 billion. This was also at the highest level since the series was first published on a NAICS basis and followed a 1.7 percent May increase.
Posted: July 27, 2011 Wednesday 08:30 AM