Research >> Economics
New Orders for Durable Goods Increased 1.9%, ex-trans up 0.6%
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New orders for manufactured durable goods in May increased $3.6 billion or 1.9 percent to $195.6 billion, the U.S. Census Bureau announced today. This increase, up two of the last three months, followed a 2.7 percent April decrease. Excluding transportation, new orders increased 0.6 percent. Excluding defense, new orders increased 1.9 percent. Transportation equipment, also up two of the last three months, had the largest increase, $2.7 billion or 5.8 percent to $49.6 billion. This was due to nondefense aircraft and parts which increased $2.7 billion.
Shipments of manufactured durable goods in May, up five of the last six months, increased $0.6 billion or 0.3 percent to $194.6 billion. This followed a 1.4 percent April decrease. Machinery, up three of the last four months, had the largest increase, $0.5 billion or 2.0 percent to $28.3 billion.
Unfilled orders for manufactured durable goods in May, up thirteen of the last fourteen months, increased $7.4 billion or 0.9 percent to $860.2 billion. This followed a 0.5 percent April increase. Machinery, up sixteen consecutive months, had the largest increase, $3.5 billion or 3.4 percent to $108.7 billion. This was at the highest level since the series was first published on a NAICS basis in 1992 and followed a 3.7 percent April increase.
Inventories of manufactured durable goods in May, up seventeen consecutive months, increased $4.1 billion or 1.2 percent to $355.4 billion. This was at the highest level since the series was first published on a NAICS basis in 1992 and followed a 1.2 percent April increase. Transportation equipment, also up seventeen consecutive months, had the largest increase, $1.7 billion or 1.6 percent to $107.8 billion. This was also at the highest level since the series was first published on a NAICS basis in 1992 and followed a 0.9 percent April increase.
Posted: June 24, 2011 Friday 08:30 AM