Research >> Economics
New Orders for Durable Goods Increased 0.8%, Ex-Trans Up 0.1%
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New orders for manufactured durable goods in April increased $1.9 billion or 0.8 percent to $239.9 billion, the U.S. Census Bureau announced today. This increase, up three consecutive months, followed a 3.6 percent March increase. Excluding transportation, new orders increased 0.1 percent. Excluding defense, new orders decreased 0.8 percent. Transportation equipment, also up three consecutive months, led the increase, $1.7 billion or 2.3 percent to $76.9 billion.
Shipments of manufactured durable goods in April, down following two consecutive monthly increases, decreased $0.6 billion or 0.2 percent to $237.2 billion. This followed a 1.3 percent March increase. Transportation equipment, down following three consecutive monthly increases, drove the decrease, $0.7 billion or 1.0 percent to $69.5 billion.
Unfilled orders for manufactured durable goods in April, up twelve of the last thirteen months, increased $10.4 billion or 1.0 percent to $1,081.0 billion. This was at the highest level since the series was first published on a NAICS basis in 1992, and followed a 0.8 percent March increase. Transportation equipment, up seven of the last eight months, led the increase, $7.5 billion or 1.1 percent to $671.7 billion.
Inventories of manufactured durable goods in April, up twelve of the last thirteen months, increased $0.3 billion or 0.1 percent to $393.3 billion. This was at the highest level since the series was first published on a NAICS basis, and followed a 0.2 percent March increase. Transportation equipment, also up twelve of the last thirteen months, drove the increase, $0.3 billion or 0.3 percent to $126.1 billion.
Nondefense new orders for capital goods in April decreased $0.8 billion or 1.0 percent to $82.2 billion. Shipments decreased $0.4 billion or 0.6 percent to $76.5 billion. Unfilled orders increased $5.7 billion or 0.9 percent to $656.1 billion. Inventories increased $0.5 billion or 0.3 percent to $178.6 billion. Defense new orders for capital goods in April increased $3.6 billion or 39.3 percent to $12.9 billion. Shipments increased $0.1 billion or 1.4 percent to $9.6 billion. Unfilled orders increased $3.3 billion or 2.1 percent to $159.6 billion. Inventories decreased $0.3 billion or 1.2 percent to $23.6 billion.
Revised seasonally adjusted March figures for all manufacturing industries, based on updated seasonal adjustment models, were: new orders, $495.9 billion (revised from $493.9 billion); shipments, $495.7 billion (revised from $494.9 billion); unfilled orders, $1,070.5 billion (revised from $1,069.3 billion); and total inventories $643.0 billion (revised from $643.1 billion).
Posted: May 27, 2014 Tuesday 08:30 AM