Research >> Economics
New Orders for Durable Goods Increased 3.6%, Ex-Trans Up 0.7%
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New orders for manufactured durable goods in May increased $8.0 billion or 3.6 percent to $231.0 billion, the U.S. Census Bureau announced today. This increase, up three of the last four months, followed a 3.6 percent April increase. Excluding transportation, new orders increased 0.7 percent. Excluding defense, new orders increased 3.5 percent. Transportation equipment, also up three of the last four months, led the increase, $6.9 billion or 10.2 percent to $74.3 billion. This was led by nondefense aircraft and parts, which increased $6.3 billion.
Shipments of manufactured durable goods in May, up three of the last four months, increased $2.8 billion or 1.2 percent to $229.7 billion. This followed a 0.6 percent April decrease. Transportation equipment, also up three of the last four months, led the increase, $2.4 billion or 3.6 percent to $69.3 billion. This followed a 0.9 percent April decrease.
Unfilled orders for manufactured durable goods in May, up three of the last four months, increased $8.1 billion or 0.8 percent to $1,004.7 billion. This increase followed a 0.3 percent April increase. Transportation equipment, also up three of the last four months, led the increase, $5.0 billion or 0.8 percent to $616.6 billion.
Inventories of manufactured durable goods in May, up four of the last five months, increased $0.5 billion or 0.1 percent to $378.0 billion. This was at the highest level since the series was first published on a NAICS basis in 1992, and followed a 0.3 percent April increase. Computers and electronic products, up two consecutive months, led the increase, $0.4 billion or 0.8 percent to $46.5 billion.
Nondefense new orders for capital goods in May increased $7.1 billion or 9.3 percent to $83.5 billion. Shipments increased $4.3 billion or 6.0 percent to $75.8 billion. Unfilled orders increased $7.8 billion or 1.3 percent to $585.6 billion. Inventories increased $0.4 billion or 0.2 percent to $171.5 billion. Defense new orders for capital goods in May increased $0.9 billion or 12.0 percent to $8.3 billion. Shipments increased slightly to $9.6 billion. Unfilled orders decreased $1.2 billion or 0.7 percent to $167.3 billion. Inventories increased $0.3 billion or 1.3 percent to $22.7 billion.
Revised seasonally adjusted April figures for all manufacturing industries were: new orders, $474.1 billion (revised from $474.0 billion); shipments, $478.0 billion (revised from $478.7 billion); unfilled orders, $996.6 billion (revised from $995.9 billion); and total inventories, $627.6 billion (revised from $627.9 billion).
Posted: June 25, 2013 Tuesday 08:30 AM