US new orders for manufactured durable goods - expected to last at least 3 years - in September fell $3.2bn or 1.3% to $241.6bn, the US Census Bureau announced today. This decrease, down two straight months, followed an 18.3% August decrease. Excluding transportation, new orders decreased 0.2%. Excluding defense, new orders decreased 1.5%.
Transportation equipment, also down two consecutive months, led the decrease, $2.8bn or 3.7% to $73.4bn.
Shipments of manufactured durable goods in September, up three of the last four months, increased $0.1bn or 0.1% to $245.6bn. This followed a 1.8% August decrease. Fabricated metal products, up eight of the last nine months, drove the increase, $0.2bn or 0.6% to $30.5bn.
Unfilled orders for manufactured durable goods in September, up seventeen of the last eighteen months, increased $3.8bn or 0.3% to $1,168.7bn. This was at the highest level since the series was first published on the current basis in 1992 and followed a 0.6% August increase.
Transportation equipment, up twelve of the last thirteen months, led the increase, $1.0bn or 0.1% to $742.7bn.
Inventories of manufactured durable goods in September, up seventeen of the last eighteen months, increased $1.8bn or 0.4% to $404.8bn. This was at the highest level since the series was first published on the current basis and followed a 0.4% August increase.
Transportation equipment, also up seventeen of the last eighteen months, led the increase, $1.0bn or 0.8% to $130.9bn.
Capital Goods: Nondefense new orders for capital goods - expected to last at least 10 years - in September decreased $4.6bn or 5.4% to $82.0bn. Shipments increased $0.4bn or 0.5% to $80.2bn. Unfilled orders increased $1.8bn or 0.2% to $733.3bn. Inventories increased $1.1bn or 0.6% to $184.9bn.
Defense new orders for capital goods in September increased $0.6bn or 7.4% to $9.4bn.
Shipments decreased $0.1bn or 1.3% to $9.7bn. Unfilled orders decreased $0.3bn or 0.2% to $157.8bn. Inventories decreased $0.3bn or 1.2% to $23.6bn.
Revised August Data: Revised seasonally adjusted August figures for all manufacturing industries were: new orders, $502.2bn (revised from $502.0bn); shipments, $502.8bn (revised from $503.1bn); unfilled orders, $1,164.9bn (revised from $1,164.5bn); and total inventories, $653.9bn (unchanged).
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