New orders for manufactured durable goods in July increased $9.4 billion or 4.2% to $230.7 billion, the U.S. Census Bureau announced today. This increase, up three consecutive months, followed a 1.6% June increase.
Excluding transportation, new orders decreased 0.4%. Excluding defense, new orders increased 5.7%. Transportation equipment, up five of the last six months, had the largest increase, $9.9 billion or 14.1% to $80.4 billion.
Shipments of manufactured durable goods in July, up seven of the last eight months, increased $5.9 billion or 2.6% to $231.1 billion. This was at the highest level since the series was first published on a NAICS basis in 1992 and followed a slight June increase.
Transportation equipment, up four of the last five months, had the largest increase, $5.4 billion or 8.4% to $69.7 billion. This was also at the highest level since the series was first published on a NAICS basis and followed a 1.0% June decrease.”
Unfilled orders for manufactured durable goods in July, up two consecutive months, increased $7.8 billion or 0.8% to $996.3 billion. This followed a 0.4% June increase.
Transportation equipment, also up two consecutive months, had the largest increase, $10.7 billion or 1.9 percent to $581.0 billion.
Inventories of manufactured durable goods in July, up thirty of the last thirty-one months, increased $2.7 billion or 0.7% to $369.3 billion. This was at the highest level since the series was first published on a NAICS basis and followed a 0.3% June increase.
Transportation equipment, also up thirty of the last thirty-one months, had the largest increase, $1.4 billion or 1.3% to $110.5 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 July increased $4.9 billion or 6.8% to $77.7 billion. Shipments increased $0.8 billion or 1.2% to $71.6 billion. Unfilled orders increased $6.1 billion or 1.0% to $592.9 billion. Inventories increased $1.6 billion or 0.9% to $170.1 billion.
Defense new orders for capital goods in July decreased $1.6 billion or 13.6% to $10.2 billion. Shipments decreased $0.4 billion or 4.6% to $8.3 billion. Unfilled orders increased $2.0 billion or 1.2% to $167.6 billion. Inventories increased $0.6 billion or 2.7% to $21.4 billion.
Revised seasonally adjusted June figures for all manufacturing industries were: new orders, $465.1 billion (revised from $465.8 billion); shipments, $468.9 billion (revised from $469.9 billion); unfilled orders, $988.5 billion (revised from $988.1 billion); and total inventories, $604.4 billion (revised from $605.4 billion).