The 2020 Mid-Year Economic Update_long

Durable Goods New Orders Down 1.3% in September

Transportation equipment led the decrease, falling 3.7 percent.

New orders for manufactured durable goods in September decreased 1.3 percent to $241.6 billion, the U.S. Census Bureau announced. This decrease, down two consecutive months, followed an 18.3 percent August decrease.

Excluding transportation, new orders decreased 0.2 percent. Excluding defense, new orders decreased 1.5 percent. Transportation equipment, also down two consecutive months, led the decrease, down 3.7 percent to $73.4 billion.

Shipments of manufactured durable goods in September, up three of the last four months, increased 0.1 percent to $245.6 billion. This followed a 1.8 percent August decrease. Fabricated metal products, up eight of the last nine months, drove the increase, up 0.6 percent to $30.5 billion.

Unfilled orders for manufactured durable goods in September, up 17 of the last 18 months, increased 0.3 percent to $1,168.7 billion. This was at the highest level since the series was first published on a NAICS basis in 1992 and followed a 0.6 percent August increase. Transportation equipment led the increase, up 0.1 percent to $742.7 billion.

Inventories of manufactured durable goods in September, up 17 of the last 18 months, increased 0.4 percent to $404.8 billion. This was at the highest level since the series was first published on a NAICS basis and followed a 0.4 percent August increase. Transportation equipment led the increase, up 0.8 percent to $130.9 billion.

Nondefense new orders for capital goods in September decreased 5.4 percent to $82 billion. Shipments increased 0.5 percent to $80.2 billion. Unfilled orders increased 0.2 percent to $733.3 billion. Inventories increased 0.6 percent to $184.9 billion.

Defense new orders for capital goods in September increased 7.4 percent to $9.4 billion. Shipments decreased 1.3 percent to $9.7 billion. Unfilled orders decreased 0.2 percent to $157.8 billion. Inventories decreased 1.2 percent to $23.6 billion.

For more detail, download the PDF below.

Click Here

About the Author
Leave a Reply

Leave a Comment

Sign Up for the MDM Update Newsletter

The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.

By subscribing, you are agreeing to MDM’s Privacy Policy.

2

articles left

Want more Premium content from MDM?

Subscribe today and get:

  • New issues twice each month
  • Unlimited access to mdm.com, including 10+ years of archived data
  • Current trends analysis, market data and economic updates
  • Discounts on select store products and events

0

articles left

This is your last free article

Subscribe to MDM Premium today and get:

  • Unlimited access to MDM.com
  • 1 year digital subscription, with new issues twice a month
  • Trends analysis, market data and quarterly economic updates
  • Deals on select store products and events

1

article
left

You have one free article remaining

Subscribe to MDM Premium to get unlimited access. Your subscription includes:

  • Two new issues a month
  • Access to 10+ years of archived data on mdm.com
  • Quarterly economic updates, trends analysis and market data
  • Store and event discounts

To continue reading, you must be an MDM Premium subscriber.