Research >> Economics
New Orders for Durable Goods Decreased 0.7%, Ex-Trans Down 0.4%
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New orders for manufactured durable goods in November decreased $1.7 billion or 0.7 percent to $242.3 billion, the U.S. Census Bureau announced today. This decrease, down three of the last four months, followed a 0.3 percent October increase. Excluding transportation, new orders decreased 0.4 percent. Excluding defense, new orders decreased 0.1 percent. Transportation equipment, also down three of the last four months, led the decrease, $0.9 billion or 1.2 percent to $75.5 billion.
Shipments of manufactured durable goods in November, down three of the last four months, decreased $0.9 billion or 0.4 percent to $245.3 billion. This followed a 0.1 percent October decrease. Transportation equipment, down following two consecutive monthly increases, led the decrease, $0.7 billion or 1.0 percent to $72.2 billion.
Unfilled orders for manufactured durable goods in November, up nineteen of the last twenty months, increased $4.4 billion or 0.4 percent to $1,178.9 billion. This was at the highest level since the series was first published on a NAICS basis in 1992 and followed a 0.5 percent October increase. Transportation equipment, up fourteen of the last fifteen months, led the increase, $3.3 billion or 0.4 percent to $749.9 billion.
Inventories of manufactured durable goods in November, up nineteen of the last twenty months, increased $1.7 billion or 0.4 percent to $408.2 billion. This was at the highest level since the series was first published on a NAICS basis and followed a 0.4 percent October increase. Transportation equipment, also up nineteen of the last twenty months, led the increase, $1.2 billion or 0.9 percent to $133.2 billion.
Nondefense new orders for capital goods in November increased $0.4 billion or 0.5 percent to $82.8 billion. Shipments decreased $0.5 billion or 0.6 percent to $79.3 billion. Unfilled orders increased $3.5 billion or 0.5 percent to $739.2 billion. Inventories increased $0.9 billion or 0.5 percent to $186.5 billion. Defense new orders for capital goods in November decreased $0.8 billion or 8.1 percent to $9.5 billion. Shipments increased $0.1 billion or 1.1 percent to $9.9 billion. Unfilled orders decreased $0.4 billion or 0.2 percent to $158.0 billion. Inventories increased $0.2 billion or 0.9 percent to $24.1 billion.
Revised seasonally adjusted October figures for all manufacturing industries were: new orders, $496.2 billion (revised from $496.6 billion); shipments, $498.4 billion (revised from $499.2 billion); unfilled orders, $1,174.5 billion (revised from $1,174.2 billion); and total inventories, $655.8 billion (revised from $655.6 billion).
Posted: December 23, 2014 Tuesday 08:30 AM