New orders for manufactured durable goods in October decreased 1.2 percent to $236 billion, according to the advance report from the U.S. Census Bureau. This decrease, down following two consecutive monthly increases, followed a 2.2 percent September increase.
Excluding transportation, new orders increased 0.4 percent. Excluding defense, new orders decreased 0.8 percent. Transportation equipment, also down following two consecutive monthly increases, drove the decrease, $3.5 billion or 4.3 percent to $77.1 billion.
Shipments of manufactured durable goods in October, up five of the last six months, increased $0.3 billion or 0.1 percent to $241 billion. This followed a 1 percent September increase. Primary metals, up three of the last four months, led the increase, $0.3 billion or 1.5 percent to $19.9 billion.
Inventories of manufactured durable goods in October, up fifteen of the last sixteen months, increased $0.5 billion or 0.1 percent to $404.1 billion. This followed a 0.6 percent September increase. Primary metals, also up fifteen of the last sixteen months, led the increase, $0.1 billion or 0.4 percent to $33.9 billion.
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