Research >> Economics
New Orders for Durable Goods Decreased 3.4%, Ex-Trans Down 0.8%
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New orders for manufactured durable goods in December decreased $8.1 billion or 3.4 percent to $230.5 billion, the U.S. Census Bureau announced today. This decrease, down four of the last five months, followed a 2.1 percent November decrease. Excluding transportation, new orders decreased 0.8 percent. Excluding defense, new orders decreased 3.2 percent. Transportation equipment, also down four of the last five months, led the decrease, $6.8 billion or 9.2 percent to $66.7 billion.
Shipments of manufactured durable goods in December, up following two consecutive monthly decreases, increased $2.6 billion or 1.1 percent to $246.8 billion. This followed a 0.7 percent November decrease. Transportation equipment, up three of the last four months, led the increase, $2.2 billion or 3.1 percent to $74.5 billion.
Unfilled orders for manufactured durable goods in December, down following ten consecutive monthly increases, decreased $8.9 billion or 0.8 percent to $1,167.6 billion. This followed a 0.2 percent November increase. Transportation equipment, also down following ten consecutive monthly increases, led the decrease, $7.8 billion or 1.0 percent to $740.0 billion.
Inventories of manufactured durable goods in December, up twenty of the last twenty-one months, increased $2.0 billion or 0.5 percent to $410.8 billion. This was at the highest level since the series was first published on a NAICS basis in 1992 and followed a 0.5 percent November increase. Transportation equipment, also up twenty of the last twenty-one months, led the increase, $0.6 billion or 0.5 percent to $134.1 billion.
Nondefense new orders for capital goods in December decreased $7.9 billion or 9.7 percent to $73.3 billion. Shipments increased $0.1 billion or 0.2 percent to $78.9 billion. Unfilled orders decreased $5.7 billion or 0.8 percent to $732.4 billion. Inventories increased $1.0 billion or 0.5 percent to $187.5 billion. Defense new orders for capital goods in December decreased $0.5 billion or 5.3 percent to $8.7 billion. Shipments increased $0.2 billion or 2.2 percent to $10.2 billion. Unfilled orders decreased $1.5 billion or 0.9 percent to $156.2 billion. Inventories decreased $0.1 billion or 0.3 percent to $24.1 billion.
Revised seasonally adjusted November figures for all manufacturing industries were: new orders, $489.3 billion (revised from $492.7 billion); shipments, $494.9 billion (revised from $495.7 billion); unfilled orders, $1,176.5 billion (revised from $1,179.1 billion); and total inventories, $657.2 billion (revised from $656.3 billion).
Posted: January 27, 2015 Tuesday 08:30 AM