Advance: Durable Goods Orders Slip for 4th Month in Past 5 - Modern Distribution Management

Advance: Durable Goods Orders Slip for 4th Month in Past 5

The monthly decrease was driven predominantly by transportation equipment, following an increase in November.
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U.S. monthly manufactured durable goods decreased $6.3 billion or 2.2% in December from November, according to an advance report from the U.S Census Bureau.

Released Jan. 28, the report showed that December orders decreased to $276.1 billion. This followed a 2.0% decrease in November.

Year-over-year, total durable goods decreased 2.2%.

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The December decrease was driven by transportation equipment — down four of the last five months — which was down 7.4% vs. November. Excluding transportation, new orders increased 0.3% compared to November. Excluding defense, new orders fell 2.4%.

Capital goods decreased 7.1% month-to-month.

Shipments of manufactured durable goods — up following four consecutives monthly decreases — increased 0.9% to $287.4 billion month-to-month. This followed a November decrease of 0.2%.

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December’s unfilled orders for durable goods in December — down following five consecutive monthly increases — decreased 0.5% to $1.3 billion month-to-month. This followed a  November decrease of 0.2%.

December’s inventories for durable goods — up two consecutive months — increased 0.4% to $533 billion month-to-month. This followed a November 0.5% increase.

Durable Goods New Orders: Month-to-Month Percentage Change


source: tradingeconomics.com

The Bureau will issue its final report for December durable goods orders on Feb. 4.

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Here is how monthly new orders and shipment different durable goods product categories fare in December, seasonally adjusted, according to the Census Bureau’s advance date:

Primary Metals

  • Shipments: -0.6%
  • New Orders: -0.6%

Fabricated Metal Products

  • Shipments: -0.1%
  • New Orders: +1.2%

Machinery

  • Shipments: +0.2%
  • New Orders: +0.2%

Computers and Electronic Products

  • Shipments: -0.3%
  • New Orders: +0.1%

Electrical Equipment, Appliances and Components

  • Shipments: +1.3%
  • New Orders: +0.3%

Transportation Equipment

  • Shipments: +2.8%
  • New Orders: -7.4%

All Other Durable Goods

  • Shipments: +0.3%
  • New Orders: +0.4%

Capital Goods

  • Shipments: +2.8%
  • New Orders: -7.1%

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