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News : US Economy Last Updated: Mar 24, 2011 - 3:46 PM


US durable goods orders tumbled in February; US new jobless benefit claims fell slightly last week
By Finfacts Team
Mar 24, 2011 - 3:42 PM

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US durable goods - - items expected to last at least 3 years - - orders tumbled in February, while new US jobless benefit claims fell slightly last week.

New Orders: New orders for manufactured durable goods in February decreased $1.9bn or 0.9% to $200.0bn, the US Census Bureau announced today. This decrease, down four of the last five months, followed a 3.6% January increase. Excluding transportation, new orders decreased 0.6%. Excluding defense, new orders increased 0.4%.

Machinery, down two consecutive months, had the largest decrease, $1.2bn or 4.2% to $26.6bn.

Shipments: Shipments of manufactured durable goods in February, up five of the last six months, increased $0.7bn or 0.3% to $203.2bn. This followed a 0.2% January increase. Machinery, up three of the last four months, had the largest increase, $0.7bn or 2.6% to $26.1bn.

Unfilled Orders: Unfilled orders for manufactured durable goods in February, up ten of the last eleven months, increased $2.9bn or 0.4% to $833.7bn. This followed a 0.7% January increase. Transportation equipment, up two consecutive months, had the largest increase, $1.1bn or 0.2% to $477.3bn.

Inventories: Inventories of manufactured durable goods in February, up fourteen consecutive months, increased $2.9bn or 0.9% to $328.3bn. This followed a 0.9% January increase.

Transportation equipment, also up fourteen consecutive months, had the largest increase, $0.8bn or 0.9% to $87.8bn.

Capital Goods: Nondefense new orders for capital goods - - items expected to last at least 10 years  --  in February increased $1.7bn or 2.5% to $69.1bn.

Shipments increased $0.7bn or 1.1% to $66.2bn. Unfilled orders increased $2.9bn or 0.6% to $505.1bn. Inventories increased $1.2bn or 0.8% to $139.7bn.

Defense new orders for capital goods in February decreased $2.8bn or 24.8% to $8.3bn.

Shipments increased $0.2bn or 2.5% to $8.5bn. Unfilled orders decreased $0.1bn or 0.1% to $141.4bn. Inventories increased $0.1 billon or 0.4% to $17.6bn.

New Jobless Benefit Claims

The Department of Labor reported today that in the week ending March 19, the figure for seasonally adjusted initial claims was 382,000, a dip of 5,000 from the previous week's revised figure of 387,000. The 4-week moving average was 385,250, a decrease of 1,500 from the previous week's revised average of 386,750.

The number for seasonally adjusted insured unemployment during the week ending March 12 was 3,721,000, a decrease of 2,000 from the preceding week's revised level of 3,723,000. The 4-week moving average was 3,755,250, a decrease of 28,000 from the preceding week's revised average of 3,783,250.

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© Copyright 2011 by Finfacts.com

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