Research >> Economics
New Orders for Durable Goods Increased 4.0%, Ex-Trans up 0.7%
|
New orders for manufactured durable goods in July increased $7.7 billion or 4.0 percent to $201.5 billion, the U.S. Census Bureau announced today. This increase, up two of the last three months, followed a 1.3 percent June decrease. Excluding transportation, new orders increased 0.7 percent. Excluding defense, new orders increased 4.8 percent. Transportation equipment, also up two of the last three months, had the largest increase, $6.7 billion or 14.6 percent to $53.0 billion. This was led by nondefense aircraft and parts which increased $3.2 billion.
Shipments of manufactured durable goods in July, up seven of the last eight months, increased $5.0 billion or 2.5 percent to $202.2 billion. This followed a 1.1 percent June increase. Transportation equipment, up two consecutive months, had the largest increase, $3.7 billion or 8.0 percent to $49.8 billion.
Unfilled orders for manufactured durable goods in July, up fifteen of the last sixteen months, increased $6.1 billion or 0.7 percent to $869.5 billion. This followed a 0.3 percent June increase. Transportation equipment, up seven consecutive months, had the largest increase, $3.3 billion or 0.7 percent to $500.9 billion. This followed a slight June increase.
Inventories of manufactured durable goods in July, up nineteen consecutive months, increased $2.9 billion or 0.8 percent to $361.0 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 June increase. Transportation equipment, also up nineteen consecutive months, had the largest increase, $1.7 billion or 1.5 percent to $110.8 billion. This was also at the highest level since the series was first published on a NAICS basis and followed a 1.2 percent June increase.
Posted: August 24, 2011 Wednesday 08:30 AM