Manufactured goods orders increased 2% in June
by July 25, 2019 11:50 am 132 views
New orders for manufactured durable goods rose 2%, or by $4.9 billion, to $246 billion in June, according to the U.S. Census Bureau.
The Census Bureau announced Thursday (July 25) the advance report on manufacturers’ shipments, inventories and orders for June.
The rise in new orders for manufactured durable goods followed a 2.3% decrease in May, and the orders also declined in April. Excluding transportation, the orders rose 1.2%. Excluding defense, the orders rose 3.1%. Transportation equipment led the increase, rising 3.8%, or by $3.8 billion, to $80.5 billion. Orders of transportation equipment rose following two consecutive months of decreases.
Shipments of manufactured durable goods increased 1.4%, or by $3.5 billion, to $258.2 billion in June. The shipments have risen over the past two months, including a 0.5% increase in May. Transportation equipment led the rise, increasing 3.1%, or by $2.6 billion, to $88.8 billion. Shipments of transportation equipment have risen for two consecutive months.
Unfilled orders for manufactured durable goods declined 0.7%, or by $7.8 billion, to $1.16 trillion in June. The unfilled orders have decreased in four of the past five months, including a 0.8% decrease in May. Transportation equipment drove the decline, falling 1%, or by $8.3 billion, to $792.6 billion. Unfilled orders of transportation equipment have fallen in four of the past five months.
Inventories of manufactured durable goods rose 0.3%, or by $1.3 billion, to $425.8 billion in June. The inventories have risen in 11 of the past 12 months, including a 0.5% increase in May. Transportation equipment led the rise, increasing 0.8%, or by $1.1 billion, to $139.6 billion. Inventories of transportation equipment have risen in 11 of the past 12 months.
Nondefense new orders for capital goods rose 4.8%, or by $3.3 billion, to $72.1 billion. Shipments increased 1.5%, or by $1.1 billion, to $77.3 billion. Unfilled orders declined 0.7%, or by $5.1 billion, to $691.6 billion. Inventories rose 0.6%, or by $1.2 billion, to $189.2 billion. Defense new orders for capital goods fell 16.3%, or by $2.1 billion, to $10.8 billion. Shipments decreased 0.3%, or by $100 million, to $13 billion. Unfilled orders fell 1.4%, or by $2.2 billion, to $157.1 billion. Inventories increased 1.3%, or by $300 million, to $23.8 billion.