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.
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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