The 2020 Mid-Year Economic Update_long

Durable Goods New Orders Down 1% in May

Transportation equipment led the decrease, dropping 3 percent for the month.

New orders for manufactured durable goods in May decreased 1 percent to $238 billion, according to the U.S. Census Bureau. This decrease, down following three consecutive monthly increases, followed a 0.8 percent April increase.

Excluding transportation, new orders decreased 0.1 percent. Excluding defense, new orders increased 0.6 percent. Transportation equipment, also down following three consecutive monthly increases, led the decrease, dropping 3 percent to $74.4 billion.

Shipments of manufactured durable goods in May, up four consecutive months, increased 0.3 percent to $238.6 billion. This was at the highest level since the series was first published on a NAICS basis in 1992 and followed a slight April increase. Primary metals, up three consecutive months, led the increase, up 1.6 percent to $27 billion.

Unfilled orders for manufactured durable goods in May, up 13 of the last 14 months, increased 0.6 percent to $1,087.4 billion. This was at the highest level since the series was first published on a NAICS basis and followed a 0.9 percent April increase. Transportation equipment, up eight of the last nine months, led the increase, up 0.7 percent to $675.8 billion.

Inventories of manufactured durable goods in May, up 13 of the last 14 months, increased 1 percent to $397.8 billion. This was at the highest level since the series was first published on a NAICS basis and followed a 0.3 percent April increase. Transportation equipment, also up 13 of the last 14 months, led the increase, up 1.1 percent to $127.8 billion.

Nondefense new orders for capital goods in May decreased 0.5 percent to $82.1 billion. Shipments decreased 0.7 percent to $75.9 billion. Unfilled orders increased 0.9 percent to $662.7 billion. Inventories increased 1.4 percent to $181.7 billion.

Defense new orders for capital goods in May decreased 31.4 percent to $8.8 billion. Shipments decreased 2.3 percent to $9.4 billion. Unfilled orders decreased 0.4 percent to $158.9 billion. Inventories increased 0.1 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.