Research >> Economics
New Orders for Durable Goods Decreased 1.0%, Ex-Trans Down 0.1%
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New orders for manufactured durable goods in May decreased $2.4 billion or 1.0 percent to $238.0 billion, the U.S. Census Bureau announced today. This decrease, down following three consecutive monthly increases, followed a 0.8 percent April increase. Excluding transportation, new orders decreased 0.1 percent. Excluding defense, new orders increased 0.6 percent. Transportation equipment, also down following three consecutive monthly increases, led the decrease, $2.3 billion or 3.0 percent to $74.4 billion.
Shipments of manufactured durable goods in May, up four consecutive months, increased $0.6 billion or 0.3 percent to $238.6 billion. This was at the highest level since the series was first published on a NAICS basis in 1992 and followed a slight April increase. Primary metals, up three consecutive months, led the increase, $0.4 billion or 1.6 percent to $27.0 billion.
Unfilled orders for manufactured durable goods in May, up thirteen of the last fourteen months, increased $6.6 billion or 0.6 percent to $1,087.4 billion. This was at the highest level since the series was first published on a NAICS basis and followed a 0.9 percent April increase. Transportation equipment, up eight of the last nine months, led the increase, $4.6 billion or 0.7 percent to $675.8 billion.
Inventories of manufactured durable goods in May, up thirteen of the last fourteen months, increased $3.8 billion or 1.0 percent to $397.8 billion. This was at the highest level since the series was first published on a NAICS basis and followed a 0.3 percent April increase. Transportation equipment, also up thirteen of the last fourteen months, led the increase, $1.4 billion or 1.1 percent to $127.8 billion.
Nondefense new orders for capital goods in May decreased $0.4 billion or 0.5 percent to $82.1 billion. Shipments decreased $0.5 billion or 0.7 percent to $75.9 billion. Unfilled orders increased $6.2 billion or 0.9 percent to $662.7 billion. Inventories increased $2.5 billion or 1.4 percent to $181.7 billion. Defense new orders for capital goods in May decreased $4.0 billion or 31.4 percent to $8.8 billion. Shipments decreased $0.2 billion or 2.3 percent to $9.4 billion. Unfilled orders decreased $0.6 billion or 0.4 percent to $158.9 billion. Inventories increased slightly or 0.1 percent to $23.6 billion.
Revised seasonally adjusted April figures for all manufacturing industries were: new orders, $500.3 billion (revised from $499.8 billion); shipments, $497.9 billion (revised from $497.6 billion); unfilled orders, $1,080.8 billion (revised from $1,080.6 billion); and total inventories $646.1 billion (revised from $645.8 billion).
Posted: June 25, 2014 Wednesday 08:30 AM