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U.S. Durable Goods Orders Rose 1.6% in June

July 26, 2012, 08:31 AM
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Topic: Economy

New orders for manufactured durable goods in June increased $3.4 billion or 1.6 percent to $221.6 billion, the U.S. Census Bureau announced today.  This increase, up two consecutive months, followed a 1.6 percent May increase.  Excluding transportation, new orders decreased 1.1 percent.  Excluding defense, new orders decreased 0.7 percent.  Transportation equipment, up four of the last five months, had the largest increase, $5.1 billion or 8.0 percent to $68.8 billion.

Shipments of manufactured durable goods in June, up six of the last seven months, increased $0.2 billion or 0.1 percent to $225.4 billion.  This followed a 1.2 percent May increase.  Machinery, up four of the last five months, had the largest increase, $1.0 billion or 3.1 percent to $32.9 billion.  This was at the highest level since the series was first published on a NAICS basis in 1992 and followed a 1.2 percent May increase.

Unfilled orders for manufactured durable goods in June, up twenty-nine of the last thirty months, increased $3.7 billion or 0.4 percent to $988.6 billion.  This followed a slight May increase.  Transportation equipment, up following three consecutive monthly decreases, had the largest increase, $4.4 billion or 0.8 percent to $568.5 billion.

Inventories of manufactured durable goods in June, up twenty-nine of the last thirty months, increased $1.2 billion or 0.3 percent to $366.7 billion.  This was at the highest level since the series was first published on a NAICS basis and followed a 0.4 percent May increase.  Transportation equipment, also up twenty-nine of the last thirty months, had the largest increase, $0.8 billion or 0.7 percent to $108.8 billion.  This was also at the highest level since the series was first published on a NAICS basis.

Nondefense new orders for capital goods in June increased $0.8 billion or 1.2 percent to $72.1 billion.  Shipments increased $0.4 billion or 0.6 percent to $70.7 billion.  Unfilled orders increased $1.5 billion or 0.3 percent to $586.5 billion.  Inventories increased $1.2 billion or 0.7 percent to $168.5 billion.  Defense new orders for capital goods in June increased $4.5 billion or 62.0 percent to $11.7 billion.  Shipments increased $0.2 billion or 2.0 percent to $8.7 billion.  Unfilled orders increased $3.0 billion or 1.8 percent to $165.5 billion.  Inventories increased slightly or 0.2 percent to $20.9 billion.

Revised May Data.  Revised seasonally adjusted May figures for all manufacturing industries were:  new orders, $469.8 billion (revised from $469.0 billion); shipments, $476.8 billion (revised from $476.0); unfilled orders, $984.8 billion (revised from $984.4 billion); and total inventories, $604.9 billion (revised from $604.5 billion).

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