Research >> Economics
January New Orders for Durable Goods increased 4.9%, Ex-Trans up 1.8%
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New orders for manufactured durable goods in January increased $11.1 billion or 4.9 percent to $237.5 billion, the U.S. Census Bureau announced today. This increase, up following two consecutive monthly decreases, followed a 4.6 percent December decrease. Excluding transportation, new orders increased 1.8 percent. Excluding defense, new orders increased 4.5 percent. Transportation equipment, also up following two consecutive monthly decreases, led the increase, $8.2 billion or 11.5 percent to $79.7 billion.
Shipments of manufactured durable goods in January, up two of the last three months, increased $4.6 billion, or 1.9 percent, to $241.9 billion. This followed a 1.6 percent December decrease. Transportation equipment, also up two of the last three months, led the increase, $4.3 billion or 5.7 percent to $80.0 billion.
Unfilled orders for manufactured durable goods in January, up three of the last four months, increased $0.6 billion or 0.1 percent to $1,187.7 billion. This followed a 0.5 percent December decrease. Computers and electronic products, up twenty-five consecutive months, drove the increase, $0.7 billion or 0.5 percent to $137.2 billion.
Inventories of manufactured durable goods in January, down six of the last seven months, decreased $0.4 billion, or 0.1 percent, to $396.3 billion. This followed a 0.2 percent December increase. Primary metals, down twelve consecutive months drove the decrease, $0.7 billion or 2.0 percent to $33.8 billion.
Nondefense new orders for capital goods in January increased $14.0 billion or 21.6 percent to $79.2 billion. Shipments increased $2.9 billion or 3.9 percent to $78.3 billion. Unfilled orders increased $0.9 billion or 0.1 percent to $743.9 billion. Inventories decreased $0.1 billion or 0.1 percent to $175.4 billion. Defense new orders for capital goods in January increased $1.1 billion or 11.9 percent to $10.2 billion. Shipments decreased $0.5 billion or 4.8 percent to $9.6 billion. Unfilled orders increased $0.7 billion or 0.4 percent to $151.1 billion. Inventories increased $1.0 billion or 4.6 percent to $22.3 billion.
Revised seasonally adjusted December figures for all manufacturing industries were: new orders, $457.3 billion (revised from $456.5 billion); shipments, $468.3 billion (revised from $467.0 billion); unfilled orders, $1,187.1 billion (revised from $1,187.4 billion); and total inventories, $641.5 billion (revised from $642.3 billion).
Posted: February 25, 2016 Thursday 08:30 AM