Research >> Economics
New Orders for Durable Goods Increased 0.4%, Ex-Trans Down 0.9%
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New orders for manufactured durable goods in October increased $1.0 billion or 0.4 percent to $243.8 billion, the U.S. Census Bureau announced today. This increase, up following two consecutive monthly decreases, followed a 0.9 percent September decrease. Excluding transportation, new orders decreased 0.9 percent. Excluding defense, new orders decreased 0.6 percent. Transportation equipment, also up following two consecutive monthly decreases, drove the increase, $2.5 billion or 3.4 percent to $76.3 billion.
Shipments of manufactured durable goods in October, up four of the last five months, increased $0.3 billion or 0.1 percent to $246.5 billion. This followed a 0.3 percent September increase. Transportation equipment, also up four of the last five months, drove the increase, $0.4 billion or 0.5 percent to $72.9 billion.
Unfilled orders for manufactured durable goods in October, up eighteen of the last nineteen months, increased $5.0 billion or 0.4 percent to $1,174.0 billion. This was at the highest level since the series was first published on a NAICS basis in 1992 and followed a 0.4 percent September increase. Transportation equipment, up thirteen of the last fourteen months, led the increase, $3.4 billion or 0.5 percent to $746.3 billion.
Inventories of manufactured durable goods in October, up eighteen of the last nineteen months, increased $2.0 billion or 0.5 percent to $406.8 billion. This was at the highest level since the series was first published on a NAICS basis and followed a 0.5 percent September increase. Transportation equipment, also up eighteen of the last nineteen months, led the increase, $0.9 billion or 0.7 percent to $131.7 billion.
Nondefense new orders for capital goods in October decreased $0.1 billion or 0.1 percent to $82.2 billion.Shipments decreased $0.6 billion or 0.8 percent to $80.1 billion. Unfilled orders increased $2.1 billion or 0.3 percent to $735.1 billion. Inventories increased $0.9 billion or 0.5 percent to $185.9 billion. Defense new orders for capital goods in October increased $1.1 billion or 11.2 percent to $10.5 billion. Shipments increased $0.1 billion or 1.4 percent to $9.8 billion. Unfilled orders increased $0.7 billion or 0.4 percent to $158.6 billion. Inventories increased $0.2 billion or 1.0 percent to $23.9 billion.
Revised seasonally adjusted September figures for all manufacturing industries were: new orders, $500.3 billion (revised from $499.4 billion); shipments, $503.7 billion (revised from $503.4 billion); unfilled orders, $1,169.1 billion (revised from $1,168.7 billion); and total inventories, $655.5 billion (revised from $655.2 billion).
Posted: November 26, 2014 Wednesday 08:30 AM