Advance: November Durable Goods Fall on Transportation Slump - Modern Distribution Management

Advance: November Durable Goods Fall on Transportation Slump

The monthly decrease more than offset the increase seen in October, driven by a decline in transportation equipment.
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U.S. monthly manufactured durable goods decreased $3.0 billion or 1.1% in November from October, according to an advance report from the U.S. Census Bureau.

Released Dec. 23, the report showed that November orders decreased to $285.1 billion. This followed a 0.8% increase in October.

Year-over-year, total durable goods decreased 0.3%.

The November decrease was driven by transportation equipment — down three of the last four months — which was down 2.9% vs October. Excluding transportation, new orders decreased 0.1% compared to October. Excluding defense, new orders decreased 0.3%.

Capital goods decrease 0.6% month-to-month.

Shipments of manufactured durable goods — down four consecutive months — decreased 0.1% in November vs October, following a 0.6% decrease.

November’s unfilled orders for durable goods — up 51 of the last 52 months — increased 0.3%, following a 0.4% increase in October. This followed a 1.3% decrease in September.

November’s inventories of durable goods — up following three consecutive monthly decreases — increase 0.4% month-to-month, following a virtually unchanged October decrease.

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


source: tradingeconomics.com

The Bureau will issue its final report for November durable goods orders on Jan. 6.

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

Primary Metals

  • Shipments: +1.5%
  • New Orders: +0.7%

Fabricated Metal Products

  • Shipments: +0.5%
  • New Orders: -0.6%

Machinery

  • Shipments: 0.0%
  • New Orders: +1.0%

Computers and Electronic Products

  • Shipments: +0.4%
  • New Orders: –0.7%

Electrical Equipment, Appliances and Components

  • Shipments: +0.1%
  • New Orders: +0.4%

Transportation Equipment

  • Shipments: -1.2%
  • New Orders: -2.9%

All Other Durable Goods

  • Shipments: 0.0%
  • New Orders: 0.0%

Capital Goods

  • Shipments: -0.8%
  • New Orders: -2.6%

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