Research >> Economics
New Orders for Durable Goods Decreased 7.3%, Ex-Trans Down 0.6%
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New orders for manufactured durable goods in July decreased $17.8 billion or 7.3 percent to $226.6 billion, the U.S. Census Bureau announced today. This decrease, down following three consecutive monthly increases and followed a 3.9 percent June increase. Excluding transportation, new orders decreased 0.6 percent. Excluding defense, new orders decreased 6.7 percent. Transportation equipment, also down following three consecutive monthly increases, led the decrease, $16.7 billion or 19.4 percent to $69.7 billion. This was led by nondefense aircraft and parts, which decreased $14.5 billion.
Shipments of manufactured durable goods in July, down three of the last four months, decreased $0.8 billion or 0.3 percent to $228.8 billion. This followed a 0.1 percent June decrease. Computers and electronic products, also down three of the last four months, drove the decrease, $0.9 billion or 3.2 percent to $26.6 billion. This followed a 1.1 percent June increase.
Unfilled orders for manufactured durable goods in July, up five of the last six months, increased $4.4 billion or 0.4 percent to $1,034.3 billion. This was at the highest level since the series was first published on a NAICS basis in 1992, and followed a 2.1 percent June increase. Computers and electronic products, up four consecutive months, led the increase, $1.2 billion or 0.9 percent to $135.9 billion.
Inventories of manufactured durable goods in July, up three of the last four months, increased $1.3 billion or 0.4 percent to $379.1 billion. This was at the highest level since the series was first published on a NAICS basis, and followed a 0.2 percent June increase. Transportation equipment, up fourteen of the last fifteen months, led the increase, $0.7 billion or 0.6 percent to $117.1 billion.
Nondefense new orders for capital goods in July decreased $14.2 billion or 15.4 percent to $78.0 billion. Shipments decreased $1.0 billion or 1.4 percent to $73.6 billion. Unfilled orders increased $4.4 billion or 0.7 percent to $610.2 billion. Inventories increased $0.6 billion or 0.3 percent to $171.3 billion. Defense new orders for capital goods in July decreased $2.6 billion or 21.7 percent to $9.2 billion. Shipments decreased $0.6 billion or 5.9 percent to $9.4 billion. Unfilled orders decreased $0.2 billion or 0.1 percent to $169.6 billion. Inventories increased $0.1 billion or 0.3 percent to $23.1 billion.
Revised seasonally adjusted June figures for all manufacturing industries were: new orders, $496.4 billion (revised from $496.7 billion); shipments, $481.6 billion (revised from $481.8 billion); unfilled orders, $1,029.9 billion (unchanged); and total inventories, $628.0 billion (revised from $627.7 billion).
Posted: August 26, 2013 Monday 08:30 AM