Research >> Economics
New Orders for Durable Goods Increased 0.1%, Ex-Trans Down 0.1%
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New orders for manufactured durable goods in August increased $0.3 billion or 0.1 percent to $224.9 billion, the U.S. Census Bureau announced today. This increase, up four of the last five months, followed an 8.1 percent July decrease. Excluding transportation, new orders decreased 0.1 percent. Excluding defense, new orders increased 0.5 percent. Transportation equipment, also up four of the last five months, drove the increase, $0.5 billion or 0.7 percent to $67.9 billion. This was driven by Motor vehicles and parts, which increased $1.1 billion.
Shipments of manufactured durable goods in August, up following two consecutive monthly decreases, increased $2.1 billion or 0.9 percent to $231.5 billion. This was at the highest level since the series was first published on a NAICS basis in 1992, and followed a 0.1 percent July decrease. Transportation equipment, also up following two consecutive monthly decreases, led the increase, $1.0 billion or 1.5 percent to $69.7 billion.
Unfilled orders for manufactured durable goods in August, up six of the last seven months, increased $0.4 billion to $1,032.4 billion. This was at the highest level since the series was first published on a NAICS basis, and followed a 0.2 percent July increase. Machinery, up four of the last five months, drove the the increase, $1.3 billion or 1.2 percent to $107.5 billion.
Inventories of manufactured durable goods in August, up four of the last five months, increased $0.3 billion or 0.1 percent to $379.1 billion. This was at the highest level since the series was first published on a NAICS basis, and followed a 0.3 percent July increase. Transportation equipment, up fifteen of the last sixteen months, drove the increase, $0.4 billion or 0.3 percent to $117.3 billion.
Nondefense new orders for capital goods in August decreased $0.1 billion or 0.2 percent to $75.9 billion. Shipments increased $0.3 billion or 0.4 percent to $73.8 billion. Unfilled orders increased $2.1 billion or 0.3 percent to $610.4 billion. Inventories increased $0.7 billion or 0.4 percent to $172.1 billion. Defense new orders for capital goods in August decreased $0.6 billion or 6.5 percent to $8.4 billion. Shipments increased $0.8 billion or 8.3 percent to $10.1 billion. Unfilled orders decreased $1.8 billion or 1.0 percent to $167.6 billion. Inventories decreased $0.6 billion or 2.7 percent to $22.5 billion.
Revised seasonally adjusted July figures for all manufacturing industries were: new orders, $483.6 billion (revised from $485.0 billion); shipments, $488.3 billion (revised from $487.6 billion); unfilled orders, $1,032.0 billion (revised from $1,033.9); and total inventories, $629.5 billion (revised from $629.7 billion).
Posted: September 25, 2013 Wednesday 08:30 AM