New orders for manufactured durable goods in July increased $23.2 billion or 11.2% to $230.7 billion, according to the U.S. Census Bureau.
This increase, up three consecutive months, followed a 15.1% May increase and a 7.7% increase in June. Excluding transportation, new orders increased 2.4%. Excluding defense, new orders increased 9.9%. Transportation equipment, also up three consecutive months, led the increase, $19.6 billion or 35.6% to $74.7 billion.
Shipments
Shipments of manufactured durable goods in July, up three consecutive months, increased $16.6 billion or 7.3% to $244.0 billion. This followed a 15.2% June increase. Transportation equipment, also up three consecutive months, led the increase, $12.6 billion or 17.8% to $83.2 billion.
Unfilled Orders
Unfilled orders for manufactured durable goods in July, down four of the last five months, decreased $8.2 billion or 0.8% to $1,084.4 billion. This followed a 1.4% June decrease. Transportation equipment, down five consecutive months, drove the decrease, $8.4 billion or 1.1% to $735.2 billion.
Inventories
Inventories of manufactured durable goods in July, down two consecutive months, decreased $1.9 billion or 0.5% to $422.6 billion. This followed a 0.1% June decrease. Machinery, down six of the last seven months, led the decrease, $0.7 billion or 1% to $69.7 billion.
Capital Goods
Nondefense new orders for capital goods in July increased $5.4 billion or 10.2% to $58.0 billion. Shipments increased $1.3 billion or 2% to $67.6 billion. Unfilled orders decreased $9.5 billion or 1.6% to $600.8 billion. Inventories increased $0.6 billion or 0.3% to $193.3 billion. Defense new orders for capital goods in July increased $3.2 billion or 30% to $14 billion. Shipments increased $0.1 billion or 1.2% to $12.3 billion. Unfilled orders increased $1.7 billion or 1% to $180 billion. Inventories increased less than $0.1 billion or 0.1% to $21.2 billion.
Revised June Data
Revised seasonally adjusted June figures for all manufacturing industries were: new orders, $438.1 billion (revised from $437.2 billion); shipments, $458.1 billion (revised from $457.3 billion); unfilled orders, $1,092.7 billion (revised from $1,092.5 billion) and total inventories, $690.4 billion (revised from $690.9 billion).
The post Advance Report: New Orders for Durable Goods Up 11.2% in July appeared first on Modern Distribution Management.
