Research >> Economics
New Orders for Durable Goods Decreased 1.3%, Ex-Trans down 0.2%
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New orders for manufactured durable goods in September decreased $3.2 billion or 1.3 percent to $241.6 billion, the U.S. Census Bureau announced today. This decrease, down two consecutive months, followed an 18.3 percent August decrease. Excluding transportation, new orders decreased 0.2 percent. Excluding defense, new orders decreased 1.5 percent. Transportation equipment, also down two consecutive months, led the decrease, $2.8 billion or 3.7 percent to $73.4 billion.
Shipments of manufactured durable goods in September, up three of the last four months, increased $0.1 billion or 0.1 percent to $245.6 billion. This followed a 1.8 percent August decrease. Fabricated metal products, up eight of the last nine months, drove the increase, $0.2 billion or 0.6 percent to $30.5 billion.
Unfilled orders for manufactured durable goods in September, up seventeen of the last eighteen months, increased $3.8 billion or 0.3 percent to $1,168.7 billion. This was at the highest level since the series was first published on a NAICS basis in 1992 and followed a 0.6 percent August increase. Transportation equipment, up twelve of the last thirteen months, led the increase, $1.0 billion or 0.1 percent to $742.7 billion.
Inventories of manufactured durable goods in September, up seventeen of the last eighteen months, increased $1.8 billion or 0.4 percent to $404.8 billion. This was at the highest level since the series was first published on a NAICS basis and followed a 0.4 percent August increase. Transportation equipment, also up seventeen of the last eighteen months, led the increase, $1.0 billion or 0.8 percent to $130.9 billion.
Nondefense new orders for capital goods in September decreased $4.6 billion or 5.4 percent to $82.0 billion. Shipments increased $0.4 billion or 0.5 percent to $80.2 billion. Unfilled orders increased $1.8 billion or 0.2 percent to $733.3 billion. Inventories increased $1.1 billion or 0.6 percent to $184.9 billion. Defense new orders for capital goods in September increased $0.6 billion or 7.4 percent to $9.4 billion. Shipments decreased $0.1 billion or 1.3 percent to $9.7 billion. Unfilled orders decreased $0.3 billion or 0.2 percent to $157.8 billion. Inventories decreased $0.3 billion or 1.2 percent to $23.6 billion.
Revised seasonally adjusted August figures for all manufacturing industries were: new orders, $502.2 billion (revised from $502.0 billion); shipments, $502.8 billion (revised from $503.1 billion); unfilled orders, $1,164.9 billion (revised from $1,164.5 billion); and total inventories, $653.9 billion (unchanged).
Posted: October 28, 2014 Tuesday 08:30 AM