Research >> Economics
June New Orders for Durable Goods decreased 4.0%, Ex-Trans down 0.5%
|
New Orders
New orders for manufactured durable goods in June decreased $9.3 billion or 4.0 percent to $219.8 billion, the U.S. Census Bureau announced today. This decrease, down two consecutive months, followed a 2.8 percent May decrease. Excluding transportation, new orders decreased 0.5 percent. Excluding defense, new orders decreased 3.9 percent. Transportation equipment, also down two consecutive months, led the decrease, $8.5 billion or 10.5 percent to $72.2 billion.
Shipments
Shipments of manufactured durable goods in June, up two of the last three months, increased $0.9 billion or 0.4 percent to $232.5 billion. This followed a 0.3 percent May decrease. Transportation equipment, also up two of the last three months, drove the increase, $1.1 billion or 1.4 percent to $81.2 billion.
Unfilled Orders
Unfilled orders for manufactured durable goods in June, down following three consecutive monthly increases, decreased $9.7 billion or 0.9 percent to $1,127.9 billion. This followed a virtually unchanged May increase. Transportation equipment, also down following three consecutive monthly increases, led the decrease, $9.0 billion or 1.1 percent to $774.9 billion.
Inventories
Inventories of manufactured durable goods in June, down eleven of the last twelve months, decreased $0.7 billion or 0.2 percent to $381.5 billion. This followed a 0.4 percent May decrease. Transportation equipment, down five consecutive months, drove the decrease, $1.1 billion or 0.9 percent to $123.0 billion.
Capital Goods
Nondefense new orders for capital goods in June decreased $8.2 billion or 11.3 percent to $64.8 billion. Shipments decreased $1.0 billion or 1.3 percent to $71.8 billion. Unfilled orders decreased $7.0 billion or 1.0 percent to $700.5 billion. Inventories decreased $1.1 billion or 0.6 percent to $169.6 billion. Defense new orders for capital goods in June decreased $1.9 billion or 20.7 percent to $7.3 billion. Shipments increased $0.4 billion or 3.8 percent to $10.3 billion. Unfilled orders decreased $3.0 billion or 2.1 percent to $136.9 billion. Inventories decreased $0.4 billion or 1.8 percent to $20.4 billion.
Revised May Data
Revised seasonally adjusted May figures for all manufacturing industries were: new orders, $454.1 billion (revised from $455.2 billion); shipments, $456.6 billion (revised from $456.5 billion); unfilled orders, $1,137.6 billion (revised from $1,138.9 billion); and total inventories, $619.6 billion (revised from $619.7 billion).
Posted: July 27, 2016 Wednesday 08:30 AM