Research >> Economics
New Orders for Durable Goods Decreased 3.3%, ex-trans down 2.7%
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New orders for manufactured durable goods in October decreased $6.8 billion or 3.3 percent to $196.0 billion, the U.S. Census Bureau announced today. This decrease, down two of the last three months, followed a 5.0 percent September increase. Excluding transportation, new orders decreased 2.7 percent. Excluding defense, new orders decreased 2.1 percent. Transportation equipment, also down two of the last three months, had the largest decrease, $2.9 billion or 5.2 percent to $52.3 billion. This was led by defense aircraft and parts, which decreased $1.6 billion.
Shipments of manufactured durable goods in October, also down two of the last three months, decreased $1.8 billion or 0.9 percent to $196.8 billion. This followed a 0.1 percent September increase. Machinery, down following two consecutive monthly increases, had the largest decrease, $0.9 billion or 3.6 percent to $24.6 billion.
Unfilled orders for manufactured durable goods in October, up nine of the last ten months, increased $5.4 billion or 0.7 percent to $821.9 billion. This followed a 1.4 percent September increase. Transportation equipment, up two consecutive months, had the largest increase, $3.7 billion or 0.8 percent to $484.2 billion.
Inventories of manufactured durable goods in October, up ten consecutive months, increased $1.3 billion or 0.4 percent to $316.7 billion. This followed a 0.7 percent September increase. Machinery, up eight consecutive months, had the largest increase, $0.4 billion or 0.7 percent to $52.4 billion.
Posted: November 24, 2010 Wednesday 08:30 AM