August U.S. Durable Goods Orders were Flat - Modern Distribution Management

August U.S. Durable Goods Orders were Flat

August orders remain virtually unchanged, following a substantial 9.9% increase in July.
Durable Goods

U.S. monthly manufactured durable goods orders increased $0.1 billion or were virtually unchanged in August from July, according to an advance report from the U.S. Census Bureau.

Released Sept. 26, the report showed that August orders increased to a total of $289.7 billion. This follows a July increase of 9.9%.

Year-over-year, total durable goods orders were also virtually unchanged.

The August increase was driven by electrical equipment, appliances and components — up two of the last three months — which was up 1.9% vs July. Excluding defense, new orders decreased 0.3% compared to July.

Capital goods orders decreased 0.4% month-to-month.

Shipments of manufactured durable goods decreased 0.5% in August vs July, following a 1.1% increase.

August’s unfilled orders for durable goods increased 0.4%, following a 0.2% increase in July. This followed a 1.4% decrease in June.

August’s inventories of durable goods increased 0.1%, following a 0.1% increase in July.

U.S. Census Bureau; August 2024 Durable Goods Orders

Here is how monthly new orders and shipments of different durable goods product categories fared in August, seasonally adjusted, according to the Census Bureau’s advance data:

Primary Metals

  • Shipments: -0.5%
  • New Orders: +0.2%

Fabricated Metal Products

  • Shipments: +0.3%
  • New Orders: +0.6%

Machinery

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

Computers and Electronic Products

  • Shipments: -0.2%
  • New Orders: -+0.4%

Electrical Equipment, Appliances and Components

  • Shipments: +0.5%
  • New Orders: +1.9%

Transportation Equipment

  • Shipments: +3.6%
  • New Orders: +34.8%

All Other Durable Goods

  • Shipments: +0.3%
  • New Orders: +0.2%

Capital Goods

  • Shipments: -1.6%
  • New Orders: -0.4%

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