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| The US Census Bureau didn't upload the June chart. The chart above shows the picture to May! |
Demand for US durable goods, expected to last at least three years, took the largest fall in five months during June as orders dipped for cars and planes, but bookings other than transportation rose strongly and a measure of capital spending climbed. Orders for commercial planes dropped, down 38.5%. Aircraft manufacturer Boeing suffered production delays of its new mid-range 787 Dreamliner.
New Orders
New orders for manufactured durable goods in June decreased $4.1 billion or 2.5 percent to $158.6 billion, the US Census Bureau announced today. This decrease followed two consecutive monthly increases including a 1.3 percent May increase. Excluding transportation, new orders increased 1.1 percent. Excluding defense, new orders decreased 0.7 percent.
Shipments
Shipments of manufactured durable goods in June, down eleven consecutive months, decreased $0.3 billion or 0.2 percent to $168.3 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 2.6 percent May decrease.
Unfilled Orders
Unfilled orders for manufactured durable goods in June, down nine consecutive months, decreased $6.6 billion or 0.9 percent to $740.1 billion. This followed a 0.3 percent May decrease.
Inventories
Inventories of manufactured durable goods in June, down six consecutive months, decreased $3.0 billion or 0.9 percent to $318.8 billion. This followed a 1.1 percent May decrease.
Capital Goods Industries
- - Nondefense
Nondefensenew orders for capital goods in June decreased $1.8 billion or 3.4 percent to $51.3 billion. Orders for nondefense capital goods excluding aircraft rose by 1.4%, after increasing 4.3% in April.
- - Defense
Defense new orders for capital goods in June decreased $3.4 billion or 28.3 percent to $8.6 billion.