Research >> Economics
New Orders for Durable Goods Decreased 18.2%, Ex-Trans Up 0.7%
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New orders for manufactured durable goods in August decreased $54.5 billion or 18.2 percent to $245.4 billion, the U.S. Census Bureau announced today. This decrease, down following two consecutive monthly increases, followed a 22.5 percent July increase. Excluding transportation, new orders increased 0.7 percent. Excluding defense, new orders decreased 19.0 percent. Transportation equipment, also down following two consecutive monthly increases, drove the decrease, $55.6 billion or 42.0 percent to $76.8 billion.
Shipments of manufactured durable goods in August, down following two consecutive monthly increases, decreased $3.7 billion or 1.5 percent to $246.1 billion. This followed a 3.7 percent July increase. Transportation equipment, also down following two consecutive monthly increases, drove the decrease, $3.9 billion or 5.1 percent to $72.5 billion.
Unfilled orders for manufactured durable goods in August, up sixteen of the last seventeen months, increased $7.4 billion or 0.6 percent to $1,165.0 billion. This was at the highest level since the series was first published on a NAICS basis in 1992 and followed a 5.3 percent July increase. Transportation equipment, up eleven of the last twelve months, led the increase, $4.3 billion or 0.6 percent to $742.1 billion.
Inventories of manufactured durable goods in August, up sixteen of the last seventeen months, increased $1.7 billion or 0.4 percent to $403.0 billion. This was at the highest level since the series was first published on a NAICS basis and followed a 0.4 percent July increase. Transportation equipment, also up sixteen of the last seventeen months, led the increase, $0.6 billion or 0.4 percent to $129.9 billion.
Nondefense new orders for capital goods in August decreased $49.5 billion or 36.3 percent to $86.8 billion. Shipments increased $0.1 billion or 0.2 percent to $79.7 billion. Unfilled orders increased $7.1 billion or 1.0 percent to $731.8 billion. Inventories increased $0.6 billion or 0.3 percent to $184.1 billion. Defense new orders for capital goods in August increased $0.4 billion or 5.4 percent to $8.8 billion. Shipments increased $0.1 billion or 0.9 percent to $9.7 billion. Unfilled orders decreased $0.9 billion or 0.6 percent to $158.3 billion. Inventories increased $0.1 billion or 0.5 percent to $23.9 billion.
Revised seasonally adjusted July figures for all manufacturing industries were: new orders, $558.5 billion (revised from $558.3 billion); shipments, $508.4 billion (revised from $507.4 billion); unfilled orders, $1,157.6 billion (revised from $1,158.2 billion); and total inventories, $653.5 billion (revised from $653.8 billion).
Posted: September 25, 2014 Thursday 08:32 AM