Research >> Economics
January 2022 New Orders for Durable Goods increased 1.6%, Ex-Trans up 0.7%
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New Orders
New orders for manufactured durable goods in January increased $4.3 billion or 1.6 percent to $277.5 billion, the U.S. Census Bureau announced today. This increase, up eight of the last nine months, followed a 1.2 percent December increase. Excluding transportation, new orders increased 0.7 percent. Excluding defense, new orders increased 1.6 percent. Transportation equipment, up three consecutive months, led the increase, $2.9 billion or 3.4 percent to $87.6 billion.
Shipments
Shipments of manufactured durable goods in January, up eight of the last nine months, increased $3.1 billion or 1.2 percent to $270.4 billion. This followed a 1.3 percent December increase. Machinery, up ten of the last eleven months, led the increase, $1.0 billion or 2.7 percent to $38.9 billion.
Unfilled Orders
Unfilled orders for manufactured durable goods in January, up twelve consecutive months, increased $11.4 billion or 0.9 percent to $1,283.2 billion. This followed a 0.8 percent December increase. Transportation equipment, up eleven of the last twelve months, led the increase, $9.6 billion or 1.1 percent to $848.8 billion.
Inventories
Inventories of manufactured durable goods in January, up twelve consecutive months, increased $1.9 billion or 0.4 percent to $476.0 billion. This followed a 0.8 percent December increase. Machinery, up fifteen consecutive months, led the increase, $0.7 billion or 0.9 percent to $79.4 billion.
Capital Goods
Nondefense new orders for capital goods in January increased $3.9 billion or 4.2 percent to $96.9 billion. Shipments increased $1.7 billion or 2.1 percent to $84.0 billion. Unfilled orders increased $12.9 billion or 1.7 percent to $793.9 billion. Inventories increased $0.3 billion or 0.1 percent to $208.0 billion. Defense new orders for capital goods in January increased $1.4 billion or 15.7 percent to $10.4 billion. Shipments increased $0.5 billion or 4.2 percent to $12.9 billion. Unfilled orders decreased $2.5 billion or 1.3 percent to $185.4 billion. Inventories increased $0.1 billion or 0.5 percent to $21.5 billion.
Revised December Data
Revised seasonally adjusted December figures for all manufacturing industries were: new orders, $536.8 billion (revised from $530.7 billion); shipments, $530.9 billion (revised from $528.9 billion); unfilled orders, $1,271.8 billion (revised from $1,267.7 billion) and total inventories, $773.8 billion (revised from $773.0 billion).
Posted: February 25, 2022 Friday 08:30 AM