Research >> Economics
July New Orders for Durable Goods increased 4.4%, Ex-Trans up 3.8%
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New Orders
New orders for manufactured durable goods in July increased $9.7 billion or 4.4 percent to $228.9 billion, the U.S. Census Bureau announced today. This increase, up following two consecutive monthly decreases, followed a 4.2 percent June decrease. Excluding transportation, new orders increased 1.5 percent. Excluding defense, new orders increased 3.8 percent. Transportation equipment, also up following two consecutive monthly decreases, led the increase, $7.5 billion or 10.5 percent to $78.9 billion.
Shipments
Shipments of manufactured durable goods in July, up three of the last four months, increased $0.4 billion or 0.2 percent to $232.9 billion. This followed a 0.5 percent June increase. Computers and electronic products, up four consecutive months, drove the increase, $0.4 billion or 1.5 percent to $27.1 billion.
Unfilled Orders
Unfilled orders for manufactured durable goods in July, down two consecutive months, decreased $0.8 billion or 0.1 percent to $1,126.6 billion. This followed a 0.9 percent June decrease. Transportation equipment, also down two consecutive months, drove the decrease, $1.9 billion or 0.2 percent to $772.2 billion.
Inventories
Inventories of manufactured durable goods in July, up following six consecutive monthly decreases, increased $1.2 billion or 0.3 percent to $383.0 billion. This followed a 0.1 percent June decrease. Transportation equipment, up following five consecutive monthly decreases, led the increase, $0.5 billion or 0.4 percent to $123.7 billion.
Capital Goods
Nondefense new orders for capital goods in July increased $6.6 billion or 10.2 percent to $71.6 billion. Shipments increased less than $0.1 billion or virtually unchanged to $71.7 billion. Unfilled orders decreased $0.1 billion or virtually unchanged to $700.8 billion. Inventories decreased $0.3 billion or 0.2 percent to $169.1 billion. Defense new orders for capital goods in July increased $2.5 billion or 35.7 percent to $9.6 billion. Shipments increased $0.1 billion or 1.1 percent to $10.3 billion. Unfilled orders decreased $0.8 billion or 0.6 percent to $136.0 billion. Inventories increased $0.8 billion or 3.9 percent to $21.1 billion.
Revised June Data
Revised seasonally adjusted June figures for all manufacturing industries were: new orders, $447.0 billion (revised from $447.4 billion); shipments, $460.2 billion (revised from $460.0 billion); unfilled orders, $1,127.4 billion (revised from $1,128.0 billion); and total inventories, $619.6 billion (revised from $619.1billion).
Posted: August 25, 2016 Thursday 08:30 AM