The 2020 Mid-Year Economic Update_long

Durable Goods New Orders Down 0.7% in November

Transportation equipment led the decrease, falling 1.2 percent.

New orders for manufactured durable goods in November decreased 0.7 percent to $242.3 billion, the U.S. Census Bureau announced. This decrease, down three of the last four months, followed a 0.3 percent October increase.

Excluding transportation, new orders decreased 0.4 percent. Excluding defense, new orders decreased 0.1 percent. Transportation equipment, also down three of the last four months, led the decrease, 1.2 percent to $75.5 billion.

Shipments of manufactured durable goods in November, down three of the last four months, decreased 0.4 percent to $245.3 billion. This followed a 0.1 percent October decrease.

Unfilled orders for manufactured durable goods in November, up 19 of the last 20 months, increased 0.4 percent to $1,178.9 billion. This was at the highest level since the series was first published on a NAICS basis in 1992 and followed a 0.5 percent October increase. Transportation equipment led the increase, up 0.4 percent to $749.9billion.

Inventories of manufactured durable goods in November, up 19 of the last 20 months, increased 0.4 percent to $408.2 billion. This was at the highest level since the series was first published on a NAICS basis and followed a 0.4 percent October increase. Transportation equipment led the increase, up 0.9 percent to $133.2 billion.

Nondefense new orders for capital goods in November increased 0.5 percent to $82.8 billion. Shipments decreased 0.6 percent to $79.3 billion. Unfilled orders increased 0.5 percent to $739.2 billion. Inventories increased 0.5 percent to $186.5 billion.

Defense new orders for capital goods in November decreased 8.1 percent to $9.5 billion. Shipments increased 1.1 percent to $9.9 billion. Unfilled orders decreased 0.2 percent to $158 billion. Inventories increased 0.9 percent to $24.1 billion.

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