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New orders for durable goods decreased 0.6%, ex-trans down 1.3%
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New orders for manufactured durable goods in October decreased $1.0 billion or 0.6 percent to $166.2 billion, the U.S. Census Bureau announced today. This was the second monthly decrease in the last three months. This followed a 2.0 percent September increase. Excluding transportation, new orders decreased 1.3 percent. Excluding defense, new orders increased 0.4 percent. Machinery, down following two consecutive monthly increases, had the largest decrease, $1.9 billion or 8.0 percent to $21.8 billion.
Shipments of manufactured durable goods in October, down two of the last three months, decreased $0.3 billion or 0.2 percent to $173.8 billion. This followed a 1.6 percent September increase. Transportation equipment, also down two of the last three months, had the largest decrease, $1.9 billion or 4.2 percent to $43.4 billion. This was led by defense aircraft and parts, which decreased $1.0 billion.
Unfilled orders for manufactured durable goods in October, down thirteen consecutive months, decreased $3.0 billion or 0.4 percent to $730.4 billion. This was the longest streak of consecutive monthly decreases since the series was first published on a NAICS basis in 1992 and followed a 0.4 percent September decrease. Transportation equipment, down twelve of the last thirteen months, had the largest decrease, $2.2 billion or 0.5 percent to $424.3 billion.
Posted: November 25, 2009 Wednesday 08:30 AM