The 2020 Mid-Year Economic Update_long

Durable Goods New Orders Up 3.4% in June

Transportation equipment led the increase, up 8.9 percent.

New orders for manufactured durable goods in June increased 3.4 percent to $235.3 billion, according to an advance report from the U.S. Census Bureau. This increase, up following two consecutive monthly decreases, followed a 2.1 percent May decrease. Excluding transportation, new orders increased 0.8 percent. Excluding defense, new orders increased 3.8 percent.

Transportation equipment, also up following two consecutive monthly decreases, led the increase, 8.9 percent to $78.4 billion.

Shipments of manufactured durable goods in June, up following two consecutive monthly decreases, increased 0.1 percent to $239.4 billion. This followed a 0.3 percent May decrease.

Transportation equipment, also up following two consecutive monthly decreases, drove the increase, 0.5 percent to $77.5 billion.

Unfilled orders for manufactured durable goods in June, up following two consecutive monthly decreases, increased 0.1 percent to $1,195.8 billion. This followed a 0.5 percent May decrease.

Transportation equipment, also up following two consecutive monthly decreases, led the increase, 0.1 percent to $799.5 billion.

Inventories of manufactured durable goods in June, up twenty-four of the last twenty-five months, increased 0.4 percent to $402.3 billion. This was at the highest level since the series was first published on a NAICS basis in 1992 and followed a 0.2 percent May decrease.

Transportation equipment, up two of the last three months, led the increase, 0.5 percent to $130.8 billion.

Nondefense new orders for capital goods in June increased 9.4 percent to $80.8 billion. Shipments decreased 0.2 percent to $78.6 billion. Unfilled orders increased 0.3 percent to $759.2 billion. Inventories increased 0.6 percent to $177.5 billion.

Defense new orders for capital goods in June decreased 2.5 percent to $8.8 billion. Shipments increased 3.8 percent to $9.9 billion. Unfilled orders decreased 0.7 percent to $149.6 billion. Inventories increased 0.3 percent to $21.9 billion.

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