New orders for manufactured durable goods in August increased 0.1 percent to $224.9 billion, according to the U.S. Census Bureau’s advance report. This increase, up four of the last five months, followed an 8.1 percent July decrease.
Excluding transportation, new orders decreased 0.1 percent. Excluding defense, new orders increased 0.5 percent.
Transportation equipment, also up four of the last five months, drove the increase, up 0.7 percent to $67.9 billion. This was driven by motor vehicles and parts, which increased $1.1 billion.
Shipments of manufactured durable goods in August, up following two consecutive monthly decreases, increased 0.9 percent to $231.5 billion. This was at the highest level since the series was first published on a NAICS basis in 1992 and followed a 0.1 percent July decrease.
Transportation equipment, also up following two consecutive monthly decreases, led the increase, increasing 1.5 percent to $69.7 billion.
Unfilled orders for manufactured durable goods in August, up six of the last seven months, increased $400 million to $1 trillion. This was at the highest level since the series was first published on a NAICS basis, and followed a 0.2 percent July increase. Machinery, up four of the last five months, drove the increase, increasing 1.2 percent to $107.5 billion.
Inventories of manufactured durable goods, up four of the last five months, increased 0.1 percent to $379.1 billion. This was at the highest level since the series was first published on a NAICS basis, and followed a 0.3 percent July increase.
Transportation equipment, up fifteen of the last sixteen months, drove the increase, increasing 0.3 percent to $117.3 billion.
Nondefense new orders for capital goods in August decreased 0.2 percent to $75.9 billion. Shipments increased 0.4 percent to $73.8 billion. Unfilled orders increased 0.3 percent to $610.4 billion. Inventories increased 0.4 percent to $172.1 billion.
Defense new orders for capital goods in August decreased 6.5 percent to $8.4 billion. Shipments increased 8.3 percent to $10.1 billion. Unfilled orders decreased 1 percent to $167.6 billion. Inventories decreased 2.7 percent to $22.5 billion.
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