Research >> Economics
January New Orders for Durable Goods Decreased 0.2%, Ex-Trans up 0.9%
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New Orders
New orders for manufactured durable goods in January decreased $0.4 billion or 0.2 percent to $246.2 billion, the U.S. Census Bureau announced today. This decrease, down two of the last three months, followed a 2.9 percent December increase. Excluding transportation, new orders increased 0.9 percent. Excluding defense, new orders increased 3.6 percent. Transportation equipment, down four of the last five months, drove the decrease, $1.8 billion or 2.2 percent to $82.0 billion.
Shipments
Shipments of manufactured durable goods in January, down seven consecutive months, decreased $0.5 billion or 0.2 percent to $250.1 billion. This followed a 0.1 percent December decrease. Transportation equipment, also down seven consecutive months, drove the decrease, $1.3 billion or 1.6 percent to $82.1 billion.
Unfilled Orders
Unfilled orders for manufactured durable goods in January, up three of the last four months, increased $0.1 billion or virtually unchanged to $1,157.0 billion. This followed a virtually unchanged December increase. Fabricated metal products, up two consecutive months, drove the increase, $0.3 billion or 0.3 percent to $86.2 billion.
Inventories Inventories of manufactured durable goods in January, up eighteen of the last nineteen months, increased less than $0.1 billion or virtually unchanged to $435.4 billion. This followed a 0.4 percent December increase. Fabricated metal products, up following three consecutive monthly decreases, drove the increase, $0.5 billion or 0.9 percent to $54.1 billion.
Capital Goods
Nondefense new orders for capital goods in January increased $8.0 billion or 12.4 percent to $72.7 billion. Shipments decreased $1.3 billion or 1.7 percent to $73.5 billion. Unfilled orders decreased $0.9 billion or 0.1 percent to $670.9 billion. Inventories decreased $0.4 billion or 0.2 percent to $198.5 billion. Defense new orders for capital goods in January decreased $7.5 billion or 39.8 percent to $11.4 billion. Shipments increased $0.6 billion or 4.8 percent to $13.1 billion. Unfilled orders decreased $1.7 billion or 1.0 percent to $163.0 billion. Inventories increased $0.2 billion or 0.9 percent to $24.1 billion.
Revised December Data
Revised seasonally adjusted December figures for all manufacturing industries were: new orders, $500.4 billion (revised from $499.3 billion); shipments, $504.4 billion (revised from $504.1 billion); unfilled orders, $1,156.9 billion (revised from $1,156.2 billion) and total inventories, $704.3 billion (revised from $704.9 billion).
Posted: February 27, 2020 Thursday 08:30 AM