Research >> Economics
May New Orders for Durable Goods Increased 15.8%, Ex-Trans up 4.0%
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New Orders
New orders for manufactured durable goods in May increased $26.6 billion or 15.8 percent to $194.4 billion, the U.S. Census Bureau announced today. This increase, up following two consecutive monthly decreases, followed an 18.1 percent April decrease. Excluding transportation, new orders increased 4.0 percent. Excluding defense, new orders increased 15.5 percent. Transportation equipment, also up following two consecutive monthly decreases, led the increase, $20.9 billion or 80.7 percent to $46.9 billion.
Shipments
Shipments of manufactured durable goods in May, up following two consecutive monthly decreases, increased $8.4 billion or 4.4 percent to $198.5 billion. This followed an 18.6 percent April decrease. Transportation equipment, also up following two consecutive monthly decreases, led the increase, $5.0 billion or 12.1 percent to $46.5 billion.
Unfilled Orders
Unfilled orders for manufactured durable goods in May, up following two consecutive monthly decreases, increased $0.8 billion or 0.1 percent to $1,108.6 billion. This followed a 1.5 percent April decrease. Transportation equipment, also up following two consecutive monthly decreases, led the increase, $0.3 billion or virtually unchanged to $760.0 billion.
Inventories
Inventories of manufactured durable goods in May, up three consecutive months, increased $0.3 billion or 0.1 percent to $425.1 billion. This followed a virtually unchanged April increase. Transportation equipment, up twenty-two of the last twenty-three months, drove the increase, $1.3 billion or 0.9 percent to $144.1 billion.
Capital Goods
Nondefense new orders for capital goods in May increased $13.4 billion or 27.1 percent to $62.8 billion. Shipments increased $0.3 billion or 0.4 percent to $63.5 billion. Unfilled orders decreased $0.7 billion or 0.1 percent to $624.0 billion. Inventories increased $1.1 billion or 0.6 percent to $191.2 billion. Defense new orders for capital goods in May increased $2.2 billion or 19.9 percent to $13.3 billion. Shipments decreased less than $0.1 billion or 0.1 percent to $12.4 billion. Unfilled orders increased $0.9 billion or 0.5 percent to $180.0 billion. Inventories decreased $0.1 billion or 0.4 percent to $21.0 billion.
Revised April Data
Revised seasonally adjusted April figures for all manufacturing industries were: new orders, $382.5 billion (revised from $384.3 billion); shipments, $404.8 billion (revised from $406.8 billion); unfilled orders, $1,107.8 billion (revised from $1,107.6 billion) and total inventories, $685.8 billion (revised from $686.5 billion).
Posted: June 25, 2020 Thursday 08:30 AM