Research >> Economics
New orders for durable goods decreased 5.2%
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New orders for manufactured durable goods in January decreased $9.0 billion or 5.2 percent to $163.8 billion, the U.S. Census Bureau announced today. This was the sixth consecutive monthly decrease and followed a 4.6 percent December decrease. Excluding transportation, new orders decreased 2.5 percent. Excluding defense, new orders decreased 2.3 percent.
Shipments of manufactured durable goods in January, down six consecutive months, decreased $6.9 billion or 3.7 percent to $183.1 billion. This followed a 1.4 percent December decrease.
Unfilled orders for manufactured durable goods in January, down four consecutive months, decreased $15.3 billion or 1.9 percent to $785.0 billion. This was the largest percent decrease in unfilled orders since January 2002 and followed a 1.5 percent December decrease.
Inventories of manufactured durable goods in January, down following sixteen consecutive monthly increases, decreased $2.8 billion or 0.8 percent to $340.7 billion. This followed a 0.4 percent December increase.
Posted: February 26, 2009 Thursday 08:30 AM