Durable Goods New Orders Down 1.3% in September - Modern Distribution Management

Durable Goods New Orders Down 1.3% in September

Transportation equipment led the decrease, falling 3.7 percent.

New orders for manufactured durable goods in September decreased 1.3 percent to $241.6 billion, the U.S. Census Bureau announced. This decrease, down two consecutive months, followed an 18.3 percent August decrease.

Excluding transportation, new orders decreased 0.2 percent. Excluding defense, new orders decreased 1.5 percent. Transportation equipment, also down two consecutive months, led the decrease, down 3.7 percent to $73.4 billion.

Shipments of manufactured durable goods in September, up three of the last four months, increased 0.1 percent to $245.6 billion. This followed a 1.8 percent August decrease. Fabricated metal products, up eight of the last nine months, drove the increase, up 0.6 percent to $30.5 billion.

Unfilled orders for manufactured durable goods in September, up 17 of the last 18 months, increased 0.3 percent to $1,168.7 billion. This was at the highest level since the series was first published on a NAICS basis in 1992 and followed a 0.6 percent August increase. Transportation equipment led the increase, up 0.1 percent to $742.7 billion.

Inventories of manufactured durable goods in September, up 17 of the last 18 months, increased 0.4 percent to $404.8 billion. This was at the highest level since the series was first published on a NAICS basis and followed a 0.4 percent August increase. Transportation equipment led the increase, up 0.8 percent to $130.9 billion.

Nondefense new orders for capital goods in September decreased 5.4 percent to $82 billion. Shipments increased 0.5 percent to $80.2 billion. Unfilled orders increased 0.2 percent to $733.3 billion. Inventories increased 0.6 percent to $184.9 billion.

Defense new orders for capital goods in September increased 7.4 percent to $9.4 billion. Shipments decreased 1.3 percent to $9.7 billion. Unfilled orders decreased 0.2 percent to $157.8 billion. Inventories decreased 1.2 percent to $23.6 billion.

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