Research >> Economics
September New Orders for Durable Goods Decreased 1.1%, Ex-Trans down 0.3%
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New Orders
New orders for manufactured durable goods in September decreased $2.8 billion or 1.1 percent to $248.2 billion, the U.S. Census Bureau announced today. This decrease, down following three consecutive monthly increases, followed a 0.3 percent August increase. Excluding transportation, new orders decreased 0.3 percent. Excluding defense, new orders decreased 1.2 percent. Transportation equipment, also down following three consecutive monthly increases, led the decrease, $2.3 billion or 2.7 percent to $84.5 billion.
Shipments
Shipments of manufactured durable goods in September, down three consecutive months, decreased $1.0 billion or 0.4 percent to $252.5 billion. This followed a 0.1 percent August decrease. Transportation equipment, also down three consecutive months, drove the decrease, $1.0 billion or 1.2 percent to $84.6 billion.
Unfilled Orders
Unfilled orders for manufactured durable goods in September, down following two consecutive monthly increases, decreased less than $0.1 billion or virtually unchanged to $1,163.5 billion. This followed a 0.2 percent August increase. Fabricated metal products, down following three consecutive monthly increases, drove the decrease, $0.1 billion or 0.1 percent to $87.0 billion.
Inventories
Inventories of manufactured durable goods in September, up fourteen of the last fifteen months, increased $2.1 billion or 0.5 percent to $430.3 billion. This followed a 0.2 percent August increase. Transportation equipment, also up fourteen of the last fifteen months, led the increase, $2.1 billion or 1.4 percent to $145.3 billion.
Capital Goods
Nondefense new orders for capital goods in September decreased $2.1 billion or 2.8 percent to $71.6 billion. Shipments decreased $0.1 billion or 0.1 percent to $74.2 billion. Unfilled orders decreased $2.6 billion or 0.4 percent to $690.4 billion. Inventories increased $1.8 billion or 0.9 percent to $194.5 billion. Defense new orders for capital goods in September decreased $0.6 billion or 4.5 percent to $13.2 billion. Shipments increased $0.2 billion or 1.4 percent to $12.8 billion. Unfilled orders increased $0.4 billion or 0.2 percent to $157.5 billion. Inventories increased $0.2 billion or 1.0 percent to $24.0 billion.
Revised August Data
Revised seasonally adjusted August figures for all manufacturing industries were: new orders, $500.0 billion (revised from $499.8 billion); shipments, $502.5 billion (revised from $503.0 billion); unfilled orders, $1,163.6 billion (revised from $1,162.9 billion) and total inventories, $695.8 billion (revised from $695.9 billion).
Posted: October 24, 2019 Thursday 08:30 AM