Research >> Economics
October New Orders for Durable Goods increased 4.8%, Ex-Trans up 1.0%
|
New Orders
New orders for manufactured durable goods in October increased $11.0 billion or 4.8 percent to $239.4 billion, the U.S. Census Bureau announced today. This increase, up four consecutive months, followed a 0.4 percent September increase. Excluding transportation, new orders increased 1.0 percent. Excluding defense, new orders increased 5.2 percent. Transportation equipment, also up four consecutive months, led the increase, $9.5 billion or 12.0 percent to $88.2 billion.
Shipments
Shipments of manufactured durable goods in October, up four of the last five months, increased $0.2 billion or 0.1 percent to $234.6 billion. This followed a 0.8 percent September increase. Fabricated metal products, up three of the last four months, drove the increase, $0.3 billion or 1.1 percent to $30.5 billion.
Unfilled Orders
Unfilled orders for manufactured durable goods in October, up following four consecutive monthly decreases, increased $8.2 billion or 0.7 percent to $1,128.6 billion. This followed a 0.2 percent September decrease. Transportation equipment, also up following four consecutive monthly decreases, led the increase, $7.5 billion or 1.0 percent to $773.1 billion.
Inventories
Inventories of manufactured durable goods in October, up four consecutive months, increased $0.1 billion or virtually unchanged to $383.7 billion. This followed a virtually unchanged September increase. Transportation equipment, up three of the last four months, drove the increase, $0.2 billion or 0.2 percent to $123.8 billion.
Capital Goods
Nondefense new orders for capital goods in October increased $10.2 billion or 14.5 percent to $80.1 billion. Shipments decreased $0.4 billion or 0.6 percent to $71.5 billion. Unfilled orders increased $8.7 billion or 1.3 percent to $703.1 billion. Inventories decreased $0.6 billion or 0.4 percent to $169.6 billion. Defense new orders for capital goods in October decreased $0.4 billion or 3.7 percent to $10.8 billion. Shipments increased $0.3 billion or 2.9 percent to $10.6 billion. Unfilled orders increased $0.2 billion or 0.1 percent to $138.7 billion. Inventories increased $0.4 billion or 1.9 percent to $21.2 billion.
Revised September Data
Revised seasonally adjusted September figures for all manufacturing industries were: new orders, $457.3 billion (revised from $455.5 billion); shipments, $463.3 billion (revised from $463.0 billion); unfilled orders, $1,120.4 billion (revised from $1,118.8 billion) and total inventories, $620.9 billion (revised from $621.4 billion).
Posted: November 23, 2016 Wednesday 08:30 AM