Research >> Economics
April New Orders for Durable Goods increased 3.4%, Ex-Trans up 0.4%
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New orders for manufactured durable goods in April increased $7.7 billion or 3.4 percent to $235.9 billion, the U.S. Census Bureau announced today. This increase, up three of the last four months, followed a 1.9 percent March increase. Excluding transportation, new orders increased 0.4 percent. Excluding defense, new orders increased 3.7 percent. Transportation equipment, also up three of the last four months, led the increase, $7.1 billion or 8.9 percent to $87.1 billion.
Shipments
Shipments of manufactured durable goods in April, up following two consecutive monthly decreases, increased $1.5 billion or 0.6 percent to $232.5 billion. This followed a 0.8 percent March decrease. Transportation equipment, also up following two consecutive monthly decreases, led the increase, $1.0 billion or 1.3 percent to $80.9 billion.
Unfilled Orders
Unfilled orders for manufactured durable goods in April, up three of the last four months, increased $6.3 billion or 0.6 percent to $1,137.0 billion. This followed a virtually unchanged March increase. Transportation equipment, up two consecutive months, led the increase, $6.1 billion or 0.8 percent to $783.1 billion.
Inventories
Inventories of manufactured durable goods in April, down nine of the last ten months, decreased $0.7 billion or 0.2 percent to $384.4 billion. This followed a 0.2 percent March decrease. Machinery, down eight of the last nine months, led the decrease, $0.5 billion or 0.7 percent to $66.1 billion.
Capital Goods
Nondefense new orders for capital goods in April increased $5.4 billion or 7.8 percent to $73.6 billion. Shipments increased $0.4 billion or 0.6 percent to $71.4 billion. Unfilled orders increased $2.2 billion or 0.3 percent to $707.2 billion. Inventories decreased $0.2 billion or 0.1 percent to $172.4 billion. Defense new orders for capital goods in April increased $0.5 billion or 3.7 percent to $13.2 billion. Shipments decreased $0.4 billion or 4.1 percent to $9.6 billion. Unfilled orders increased $3.6 billion or 2.6 percent to $140.7 billion. Inventories increased $0.2 billion or 1.2 percent to $20.8 billion.
Revised and Recently Benchmarked March Data
Revised seasonally adjusted March figures for all manufacturing industries were: new orders, $451.4 billion (revised from $451.1 billion); shipments, $454.1 billion (revised from $455.3 billion); unfilled orders, $1,130.7 billion (revised from $1,129.5 billion); and total inventories, $621.1 billion (revised from $622.4 billion).
Posted: May 26, 2016 Thursday 08:30 AM