Orders for Durable Goods Down in August

New orders for manufactured durable goods in August decreased $1.0 billion or 0.5 percent to $209.7 billion, the U.S. Census Bureau announced yesterday. This was the second consecutive monthly decrease and followed a 2.7 percent July decrease. Excluding transportation, new orders decreased 2.0 percent. Excluding defense, new orders decreased 0.8 percent. Computers and electronic products, down following two consecutive monthly increases, had the largest decrease, $1.5 billion or 4.7 percent to $29.5 billion.

Shipments of manufactured durable goods in August, up three of the last four months, increased $4.0 billion or 1.9 percent to $214.2 billion. This was at the highest level since the series was first stated on a NAICS basis in 1992 and followed a 1.3 percent July decrease. Transportation equipment, up following two consecutive monthly decreases, had the largest increase, $3.1 billion or 5.9 percent to $56.9 billion.

Unfilled orders for manufactured durable goods in August, up fifteen of the last sixteen months, increased $2.4 billion or 0.4 percent to $631.9 billion. This was at the highest level since the series began and followed a 1.2 percent July increase. Transportation equipment, up fifteen of the last sixteen months, had the largest increase, $1.9 billion or 0.6 percent to $331.2 billion. This was at the highest level since the series began.

Inventories of manufactured durable goods in August, up seven of the last eight months, increased $0.7 billion or 0.2 percent to $287.1 billion. This followed a 1.1 percent July increase. Primary metals, up nine consecutive months, had the largest increase, $0.4 billion or 1.4 percent to $28.4 billion. This was at the highest level since the series began.

Nondefense new orders for capital goods in August decreased $2.5 billion or 3.5 percent to $68.7 billion. Shipments increased $0.6 billion or 0.9 percent to $67.5 billion. Unfilled orders increased $1.2 billion or 0.4 percent to $325.3 billion. Inventories decreased $0.6 billion or 0.5 percent to $110.3 billion. Defense new orders for capital goods in August increased $0.5 billion or 6.1 percent to $9.5 billion. Shipments increased $0.4 billion or 5.4 percent to $8.2 billion. Unfilled orders increased $1.3 billion or 1.0 percent to $130.2 billion. Inventories decreased slightly or 0.3 percent to $14.4 billion.



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