New orders for manufactured durable goods in November increased $7.5 billion or 3.8 percent to $207.0 billion, according to an advance release from the U.S. Census Bureau. This increase, up four of the last five months, followed a slight October increase.
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Excluding transportation, new orders increased 0.3 percent. Excluding defense, new orders increased 3.7 percent. Transportation equipment, up following two consecutive monthly decreases, had the largest increase, $7.0 billion or 14.7 percent to $54.4 billion.
Shipments of manufactured durable goods in November, down two of the last three months, decreased $0.8 billion or 0.4 percent to $202.8 billion. This followed a 1.5 percent October increase. Transportation equipment, down three of the last four months, had the largest decrease, $1.2 billion or 2.5 percent to $47.2 billion.
Unfilled orders for manufactured durable goods in November, up nineteen of the last twenty months, increased $11.1 billion or 1.3 percent to $898.1 billion. This followed a 0.3 percent October increase. Transportation equipment, up ten of the last eleven months, had the largest increase, $7.2 billion or 1.4 percent to $518.1 billion.
Inventories of manufactured durable goods in November, up twenty three consecutive months, increased $2.0 billion or 0.6 percent to $368.8 billion. This was at the highest level since the series was first published on a NAICS basis and followed a 0.4 percent October increase. Transportation equipment, also up twenty three consecutive months, had the largest increase, $1.0 billion or 0.9 percent to $114.3 billion.
Nondefense new orders for capital goods in November increased $5.9 billion or 8.1 percent to $78.7 billion. Shipments decreased $1.6 billion or 2.2 percent to $69.8 billion. Unfilled orders increased $8.9 billion or 1.7 percent to $531.5 billion. Inventories increased $1.4 billion or 0.9 percent to $169.5 billion.
Defense new orders for capital goods in November increased $0.2 billion or 3.7 percent to $6.8 billion. Shipments decreased $0.1 billion or 1.1 percent to $6.9 billion. Unfilled orders decreased $0.1 billion or 0.1 percent to $152.0 billion. Inventories increased $0.4 billion or 1.8 percent to $20.6 billion.
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