Manufactured goods orders increased by 7.3% in June
by July 27, 2020 8:57 am 240 views
New orders for manufactured durable goods rose 7.3%, or by $14 billion, to $206.9 billion in June, from May, according to the U.S. Census Bureau.
The Census Bureau released Monday (July 27) the advance report on durable goods manufacturers’ shipments, inventories and orders for June that showed a second consecutive monthly increase, following a 15.1% rise in May.
Excluding transportation, new orders rose 3.3%. Excluding defense, new orders increased by 9.2%. Transportation equipment, which has risen over the past two months, increased the most, rising 20%, or by $9.2 billion, to $55.3 billion.
Shipments of manufactured durable goods increased 14.9%, or by $29.4 billion, to $227.1 billion in June and have increased for two consecutive months, following a 4.2% rise in May. Transportation equipment, which also has increased for two consecutive months, rose the most, increasing 51.9%, or by $24.2 billion, to $70.9 billion.
Unfilled orders for manufactured durable goods fell by 1.4%, or by $15.4 billion, to $1.09 trillion in June and has been down in three of the past four months. The orders were flat in May. Transportation equipment declined the most, falling 2.1%, or by $15.6 billion, to $743.5 billion and has been down four consecutive months.
Inventories of manufactured durable goods increased 0.1%, or by $400 million, to $425.3 billion in June and have been up for four consecutive months. The inventories were flat in May. Transportation equipment rose the most, increasing 1.5%, or by $2.2 billion, to $146.5 billion and was up in 23 of the past 24 months.
Nondefense new orders for capital goods fell 16.4%, or by $10.3 billion, to $52.2 billion in June. Shipments rose 4.4%, or by $2.8 billion, to $66.1 billion. Unfilled orders fell 2.2%, or by $13.9 billion, to $610 billion. Inventories rose 0.7%, or by $1.4 billion, to $193 billion. Defense new orders for capital goods declined 16.8%, or by $2.2 billion, to $10.8 billion. Shipments fell 0.8%, or by $100 million, to $12.3 billion. Unfilled orders declined 0.8%, or by $1.5 billion, to $178.2 billion. Inventories rose 1.1%, or by $200 million, to $21.3 billion.