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New orders for durable goods decreased 6.2%
New orders for manufactured durable goods in October decreased $12.7 billion or 6.2 percent to $193.0 billion, the U.S. Census Bureau announced today. This was the largest percent decrease in new orders since October 2006 and followed two consecutive monthly decreases including a 0.2 percent September decrease. Excluding transportation, new orders decreased 4.4 percent. Excluding defense, new orders decreased 4.6 percent.
Shipments of manufactured durable goods in October, down three consecutive months, decreased $5.0 billion or 2.4 percent to $202.9 billion. This followed a 0.2 percent September decrease.
Unfilled orders for manufactured durable goods in October, down for the first time in twenty-six months, decreased $4.6 billion or 0.6 percent to $823.6 billion. This followed a 0.2 percent September increase.
Inventories of manufactured durable goods in October, up fifteen of the last sixteen months, increased $1.4 billion or 0.4 percent to $341.1 billion. This was at the highest level since the series was first stated on a NAICS basis in 1992 and followed a 0.2 percent September increase
Posted: November 26, 2008 Wednesday 08:30 AM