Advance Report: New Orders for Durable Goods Up 0.4% in August

Advance Report: New Orders for Durable Goods Up 0.4% in August

Increase of manufactured durable goods is fourth in a row following the double-digit growth in May, high-single-digit growth in June and double-digit growth in July, which had been preceded by two decreases during the height of the coronavirus crisis.
MDM MarketPulse 1Q 2022

New orders for manufactured durable goods in August increased $1 billion or 0.4% to $230.7 billion, according to the U.S. Census Bureau.

This increase, up four consecutive months, followed an 11.7% July increase. Excluding transportation, new orders increased 0.4%. Excluding defense, new orders increased 0.7%. Machinery, also up four consecutive months, led the increase, $0.5 billion or 1.5% to $31.2 billion.

Shipments

Shipments of manufactured durable goods in August, down following three consecutive monthly increases, decreased $0.7 billion or 0.3% to $244.1 billion. This followed a 7.6% July increase. Transportation equipment, also down following three consecutive monthly increases, drove the decrease, $1.4 billion or 1.7% to $81.6 billion.

Unfilled Orders

Unfilled orders for manufactured durable goods in August, down five of the last six months, decreased $6.3 billion or 0.6% to $1,078.4 billion. This followed a 0.7% July decrease. Transportation equipment, down six consecutive months, drove the decrease, $6.9 billion or 0.9% to $728.0 billion.

Inventories

Inventories of manufactured durable goods in August, down three consecutive months, decreased $0.5 billion or 0.1% to $420.5 billion. This followed a 0.8% July decrease. Machinery, down seven of the last eight months, led the decrease, $0.4 billion or 0.6% to $69.1 billion.

Capital Goods

Nondefense new orders for capital goods in August increased $4.6 billion or 7.8% to $62.9 billion. Shipments increased $2.2 billion or 3.3% to $70.1 billion. Unfilled orders decreased $7.1 billion or 1.2% to $593.7 billion. Inventories increased $0.1 billion or 0.1% to $193.0 billion. Defense new orders for capital goods in August decreased $0.5 billion or 3.3% to $13.7 billion. Shipments decreased less than $0.1 billion or 0.4% to $12.2 billion. Unfilled orders increased $1.5 billion or 0.8% to $181.6 billion. Inventories increased $0.1 billion or 0.5% to $21.2 billion.

Revised July Data

Revised seasonally adjusted July figures for all manufacturing industries were: new orders, $466.7 billion (revised from $466.1 billion); shipments, $479.7 billion (revised from $479.5 billion); unfilled orders, $1,084.8 billion (revised from $1,084.3 billion) and total inventories, $686.4 billion (revised from $687.2 billion).

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