New orders for manufactured durable goods in October decreased 2 percent to $230.3 billion, according to the U.S. Census Bureau. This decrease followed a 4.1 percent September increase.
Excluding transportation, new orders decreased 0.1 percent. Excluding defense, new orders decreased 1.3 percent. Transportation equipment led the decrease, 5.9 percent to $73 billion. This was led by nondefense aircraft and parts, which decreased $3 billion.
Shipments of manufactured durable goods in October, up three consecutive months, increased 0.2 percent to $233.2 billion. This was at the highest level since the series was first published on a NAICS basis in 1992, and followed a 0.5 percent September increase. Transportation equipment, also up three consecutive months, drove the increase, 1.1 percent to $70.9 billion.
Unfilled orders for manufactured durable goods in October, up eight of the last nine months, increased 0.3 percent to $1,045.4 billion. This was at the highest level since the series was first published on a NAICS basis, and followed a 0.9 percent September increase. Transportation equipment, up two consecutive months, led the increase, 0.3 percent to $644.4 billion.
Inventories of manufactured durable goods in October, up six of the last seven months, increased 0.3 percent to $383.3 billion. This was at the highest level since the series was first published on a NAICS basis, and followed a 0.8 percent September increase. Transportation equipment, up seventeen of the last eighteen months, led the increase, 0.9 percent to $120 billion.
Nondefense new orders for capital goods in October decreased 3.9 percent to $77.9 billion. Shipments increased slightly to $74.2 billion. Unfilled orders increased 0.6 percent to $620.8 billion. Inventories increased 0.6 percent to $174.2 billion. Defense new orders for capital goods in October decreased 16.3 percent to $8.7 billion. Shipments decreased 2.4 percent to $9.8 billion. Unfilled orders decreased 0.6 percent to $167.1 billion. Inventories decreased 0.2 percent to $23 billion.
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