Research >> Economics
New Orders for Durable Goods increased 0.7%, Ex-Trans up 1.6%
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New orders for manufactured durable goods in December increased $10.0 billion or 4.6 percent to $230.7 billion, the U.S. Census Bureau announced today. This increase, up seven of the last eight months, followed a 0.7 percent November increase. Excluding transportation, new orders increased 1.3 percent. Excluding defense, new orders increased 1.2 percent. Transportation equipment, up following two consecutive monthly decreases, had the largest increase, $8.1 billion or 11.9 percent to $75.9 billion.
Shipments of manufactured durable goods in December, up five of the last six months, increased $2.9 billion or 1.3 percent to $230.6 billion. This followed a 1.8 percent November increase. Primary metals, up three of the last four months, had the largest increase, $1.2 billion or 4.2 percent to $30.7 billion. This followed a 5.0 percent November increase.
Unfilled orders for manufactured durable goods in December, up six of the last seven months, increased $8.2 billion or 0.8 percent to $992.0 billion. This increase followed a slight November increase. Transportation equipment, also up six of the last seven months, drove the increase, $9.0 billion or 1.6 percent to $588.8 billion.
Inventories of manufactured durable goods in December, down following 14 consecutive monthly increases, decreased $0.1 billion to $374.5 billion. This decrease followed a 0.1 percent November increase. Machinery, down four consecutive months, drove the decrease, $0.4 billion or 0.6 percent to $66.1 billion.
Nondefense new orders for capital goods in December increased $2.7 billion or 3.8 percent to $73.8 billion. Shipments increased $0.5 billion or 0.7 percent to $71.9 billion. Unfilled orders increased $1.9 billion or 0.3 percent to $585.7 billion. Inventories decreased $0.6 billion or 0.3 percent to $173.0 billion. Defense new orders for capital goods in December increased $8.7 billion or 110.4 percent to $16.5 billion. Shipments increased $0.5 billion or 6.1 percent to $9.1 billion. Unfilled orders increased $7.5 billion or 4.6 percent to $171.5 billion. Inventories decreased $0.3 billion or 1.4 percent to $21.2 billion.
Revised seasonally adjusted November figures for all manufacturing industries were: new orders, $477.4 billion (revised from $477.6 billion); shipments, $484.3 billion (revised from $483.7 billion); unfilled orders, $983.9 billion (revised from $984.5 billion); and total inventories, $614.9 billion (revised from $615.2 billion).
Posted: January 28, 2013 Monday 08:30 AM