Research >> Economics
February New Orders for Durable Goods decreased 2.8%, Ex-Trans down 1.0%
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New Orders
New orders for manufactured durable goods in February decreased $6.6 billion or 2.8 percent to $229.4 billion, the U.S. Census Bureau announced today. This decrease, down three of the last four months, followed a 4.2 percent January increase. Excluding transportation, new orders decreased 1.0 percent. Excluding defense, new orders decreased 1.9 percent. Transportation equipment, also down three of the last four months, led the decrease, $4.9 billion or 6.2 percent to $74.2 billion.
Shipments
Shipments of manufactured durable goods in February, down two of the last three months, decreased $2.1 billion or 0.9 percent to $238.3 billion. This followed a 1.5 percent January increase. Transportation equipment, also down two of the last three months, led the decrease, $1.0 billion or 1.2 percent to $79.0 billion.
Unfilled Orders
Unfilled orders for manufactured durable goods in February, down two of the last three months, decreased $4.2 billion or 0.4 percent to $1,183.7 billion. This followed a virtually unchanged January increase. Transportation equipment, down three consecutive months, drove the decrease, $4.8 billion or 0.6 percent to $789.1 billion.
Inventories
Inventories of manufactured durable goods in February, down seven of the last eight months, decreased $1.1 billion or 0.3 percent to $394.3 billion. This followed a 0.2 percent January decrease. Primary metals, down thirteen consecutive months led the decrease, $0.4 billion or 1.2 percent to $33.2 billion.
Capital Goods
Nondefense new orders for capital goods in February decreased $5.9 billion or 7.5 percent to $72.7 billion. Shipments decreased $1.9 billion or 2.5 percent to $75.4 billion. Unfilled orders decreased $2.7 billion or 0.4 percent to $742.0 billion. Inventories decreased $0.2 billion or 0.1 percent to $174.7 billion. Defense new orders for capital goods in February decreased $2.6 billion or 25.6 percent to $7.5 billion. Shipments decreased less than $0.1 billion or 0.2 percent to $9.7 billion. Unfilled orders decreased $2.2 billion or 1.5 percent to $148.6 billion. Inventories decreased $0.5 billion or 2.4 percent to $21.7 billion.
Revised January Data
Revised seasonally adjusted January figures for all manufacturing industries were: new orders, $462.5 billion (revised from $463.9 billion); shipments, $467.0 billion (revised from $468.4 billion); unfilled orders, $1,187.9 billion (revised from $1,188.1 billion); and total inventories, $637.2 billion (revised from $637.5 billion).
Posted: March 24, 2016 Thursday 08:30 AM