New orders for manufactured durable goods in June decreased $4.0 billion or 2.1 percent to $192.0 billion, the U.S. Census Bureau announced today. This decrease, down two of the last three months, followed a 1.9 percent May increase. Excluding transportation, new orders increased 0.1 percent. Excluding defense, new orders decreased 1.8 percent.
Transportation equipment, also down two of the last three months, had the largest decrease, $4.2 billion or 8.5 percent to $45.4 billion. This was due to nondefense aircraft and parts which decreased $2.8 billion.
Shipments
Shipments of manufactured durable goods in June, up six of the last seven months, increased $1.0 billion or 0.5 percent to $196.0 billion. This followed a 0.5 percent May increase.
Machinery, up four of the last five months, had the largest increase, $0.7 billion or 2.6 percent to $29.1 billion.
Unfilled Orders
Unfilled orders for manufactured durable goods in June, up fourteen of the last fifteen months, increased $2.1 billion or 0.2 percent to $862.7 billion. This followed a 0.9 percent May increase.
Machinery, up seventeen consecutive months, had the largest increase, $2.1 billion or 2.0 percent to $111.2 billion. This was at the highest level since the series was first published on a NAICS basis in 1992 and followed a
3.4 percent May increase.
Inventories
Inventories of manufactured durable goods in June, up eighteen consecutive months, increased $1.6 billion or 0.4 percent to $357.2 billion. This was at the highest level since the series was first published on a NAICS basis and followed a 1.2 percent May increase.
Transportation equipment, also up eighteen consecutive months, had the largest increase, $1.2 billion or 1.1 percent to $109.1 billion. This was also at the highest level since the series was first published on a NAICS basis and followed a 1.7 percent May increase.
Capital Goods
Nondefense new orders for capital goods in June decreased $3.0 billion or 4.1 percent to $69.8 billion.
Shipments increased $0.7 billion or 1.1 percent to $67.7 billion. Unfilled orders increased $2.1 billion or 0.4 percent to $504.7 billion. Inventories increased $2.1 billion or 1.3 percent to $162.7 billion.
Defense new orders for capital goods in June decreased $0.3 billion or 3.9 percent to $8.6 billion. Shipments decreased $0.1 billion or 1.6 percent to $7.8 billion. Unfilled orders increased $0.9 billion or 0.6
percent to $150.3 billion. Inventories decreased $0.5 billion or 2.3 percent to $20.3 billion.
Revised May Data
Revised seasonally adjusted May figures for all manufacturing industries were: new orders, $444.9 billion (revised from $445.3 billion); shipments, $443.9
billion (unchanged); unfilled orders, $860.6 billion (revised from $860.9 billion); and total inventories, $592.5 billion (revised from $593.0 billion).
Original content Bob DeMarco, All American Investor
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