New orders for manufactured durable goods in October increased 3 percent to $239 billion, according to the U.S. Census Bureau. This increase, up following two consecutive monthly decreases, followed a 0.8 percent September decrease. Excluding transportation, new orders increased 0.5 percent. Excluding defense, new orders increased 3.2 percent.
Transportation equipment, also up following two consecutive monthly decreases, led the increase, up 8 percent to $82.1 billion.
Shipments of manufactured durable goods in October, down two of the last three months, decreased 1 percent to $240.1 billion. This followed a 0.2 percent September increase.
Transportation equipment, also down two of the last three months, led the decrease, down 2.5 percent to $78.8 billion.
Unfilled orders for manufactured durable goods in October, up following two consecutive monthly decreases, increased 0.3 percent to $1,192 billion. This followed a 0.5 percent September decrease.
Transportation equipment, also up following two consecutive monthly decreases, led the increase, up 0.4 percent to $798.2 billion.
Inventories of manufactured durable goods in October, down five of the last six months, decreased 0.2 percent to $397.4 billion. This followed a 0.6 percent September decrease.
Primary metals, down nine consecutive months, led the decrease, down 0.9 percent to $35.7 billion. Nondefense new orders for capital goods in October increased 13.2 percent to $83.2 billion. Shipments decreased 1.4 percent to $78.8 billion. Unfilled orders increased 0.6 percent to $757.8 billion. Inventories were virtually unchanged at $175.6 billion.
Defense new orders for capital goods in October increased 1 percent to $9.6 billion. Shipments increased 1.5 percent to $10.7 billion. Unfilled orders decreased 0.7 percent to $146.8 billion. Inventories decreased 2.6 percent to $21.9 billion.
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