Research >> Economics
March 2022 New Orders for Durable Goods increased 0.8%, Ex-Trans up 1.1%
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New Orders
New orders for manufactured durable goods in March increased $2.3 billion or 0.8 percent to $275.0 billion, the U.S. Census Bureau announced today. This increase, up five of the last six months, followed a 1.7 percent February decrease. Excluding transportation, new orders increased 1.1 percent. Excluding defense, new orders increased 1.2 percent. Computers and electronic products, up two of the last three months, led the increase, $0.7 billion or 2.6 percent to $26.3 billion.
Shipments
Shipments of manufactured durable goods in March, up ten of the last eleven months, increased $3.3 billion or 1.2 percent to $274.2 billion. This followed a 0.1 percent February increase. Transportation equipment, up five of the last six months, led the increase, $1.9 billion or 2.4 percent to $80.0 billion.
Unfilled Orders
Unfilled orders for manufactured durable goods in March, up fourteen consecutive months, increased $5.3 billion or 0.4 percent to $1,294.6 billion. This followed a 0.5 percent February increase. Transportation equipment, up thirteen of the last fourteen months, led the increase, $3.7 billion or 0.4 percent to $857.6 billion.
Inventories
Inventories of manufactured durable goods in March, up fourteen consecutive months, increased $3.3 billion or 0.7 percent to $482.9 billion. This followed a 0.6 percent February increase. Transportation equipment, up four of the last five months, led the increase, $1.5 billion or 1.0 percent to $156.0 billion.
Capital Goods
Nondefense new orders for capital goods in March decreased $0.5 billion or 0.5 percent to $90.0 billion. Shipments decreased $0.1 billion or 0.1 percent to $84.2 billion. Unfilled orders increased $5.9 billion or 0.7 percent to $805.2 billion. Inventories increased $2.1 billion or 1.0 percent to $212.7 billion. Defense new orders for capital goods in March decreased $0.7 billion or 5.6 percent to $11.3 billion. Shipments decreased $0.2 billion or 1.9 percent to $12.6 billion. Unfilled orders decreased $1.3 billion or 0.7 percent to $183.4 billion. Inventories increased $0.1 billion or 0.4 percent to $21.4 billion.
Revised February Data
Revised seasonally adjusted February figures for all manufacturing industries were: new orders, $545.4 billion (revised from $542.0 billion); shipments, $543.6 billion (revised from $541.0 billion); unfilled orders, $1,289.3 billion (revised from $1,288.5 billion) and total inventories, $787.0 billion (revised from $785.2 billion).
Posted: April 26, 2022 Tuesday 08:30 AM