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New orders for manufactured durable goods in January decreased $17.1 billion or 7.8 percent to $203.9 billion, the U.S. Census Bureau announced in a preliminary release. This followed two consecutive monthly increases including a 2.8 percent December increase. Excluding transportation, new orders decreased 3.1 percent. Excluding defense, new orders decreased 7.8 percent.
Shipments of manufactured durable goods in January, up five of the last six months, increased $0.5 billion or 0.2 percent to $211.4 billion. This followed a 0.5 percent December increase.
Unfilled orders for manufactured durable goods in January, up twenty of the last twenty-one months, increased $1.0 billion or 0.1 percent to $695.5 billion. This was at the highest level since the series was first stated on a NAICS basis in 1992 and followed a 2.2 percent December increase.
Inventories of manufactured durable goods in January, up twelve of the last thirteen months, increased $1.0 billion or 0.3 percent to $297.7 billion. This followed a 0.7 percent December increase.
Capital Goods Industries
Nondefense new orders for capital goods in January decreased $16.3 billion or 19.9 percent to $65.4 billion.
Defense new orders for capital goods in January increased $0.9 billion or 10.7 percent to $8.8 billion.
Economic indicators at MDM's Databank.