New orders for manufactured durable goods in October increased 0.4 percent to $243.8 billion, the U.S. Census Bureau announced. This increase, up following two consecutive monthly decreases, followed a 0.9 percent September decrease.
Excluding transportation, new orders decreased 0.9 percent. Excluding defense, new orders decreased 0.6 percent. Transportation equipment, also up following two consecutive monthly decreases, drove the increase, 3.4 percent to $76.3 billion.
Shipments of manufactured durable goods in October, up four of the last five months, increased 0.1 percent to $246.5 billion. This followed a 0.3 percent September increase.
Unfilled orders for manufactured durable goods in October, up 18 of the last 19 months, increased 0.4 percent to $1,174 billion. This was at the highest level since the series was first published on a NAICS basis in 1992 and followed a 0.4 percent September increase. Transportation equipment led the increase, up 0.5 percent to $746.3 billion.
Inventories of manufactured durable goods in October, up 18 of the last 19 months, increased 0.5 percent to $406.8 billion. This was at the highest level since the series was first published on a NAICS basis and followed a 0.5 percent September increase. Transportation equipment led the increase, up 0.7 percent to $131.7 billion.
Nondefense new orders for capital goods in October decreased 0.1 percent to $82.2 billion. Shipments decreased 0.8 percent to $80.1 billion. Unfilled orders increased 0.3 percent to $735.1 billion. Inventories increased 0.5 percent to $185.9 billion.
Defense new orders for capital goods in October increased 11.2 percent to $10.5 billion. Shipments increased 1.4 percent to $9.8 billion. Unfilled orders increased 0.4 percent to $158.6 billion. Inventories increased 1.0 percent to $23.9 billion.
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