The 2020 Mid-Year Economic Update_long

Advance Report: New Orders for Durable Goods Down 0.1% in July

The decrease, down following two consecutive monthly increases, followed a 0.8% June increase.
Durable Goods July 2021

New orders for manufactured durable goods in July decreased $0.4 billion, or 0.1%, to $257.2 billion, according to the U.S. Census Bureau.

This decrease, down following two consecutive monthly increases, followed a 0.8% June increase. Excluding transportation, new orders increased 0.7%. Excluding defense, new orders decreased 1.2%. Transportation equipment, also down following two consecutive monthly increases, drove the decrease, $1.7 billion or 2.2% to $75.3 billion.

Shipments

Shipments of manufactured durable goods in July, up four of the last five months, increased $5.6 billion or 2.2% to $257.8 billion. This followed a 1.6% June increase. Transportation equipment, up two consecutive months, led the increase, $3.4 billion or 4.6% to $75.9 billion.

Unfilled Orders

Unfilled orders for manufactured durable goods in July, up six consecutive months, increased $3.9 billion or 0.3% to $1,225.4 billion. This followed a 0.8% June increase. Machinery, up sixteen consecutive months, led the increase, $2.3 billion or 2.1% to $109.2 billion

Inventories

Inventories of manufactured durable goods in July, up six consecutive months, increased $2.7 billion or 0.6% to $453.6 billion. This followed a 0.9% June increase. Primary metals, up 12 consecutive months, led the increase, $0.8 billion or 1.9% to $40 billion.

Capital Goods

Nondefense new orders for capital goods in July decreased $7 billion or 8% to $80.6 billion. Shipments increased $0.3 billion or 0.4% to $79.4 billion. Unfilled orders increased $1.2 billion or 0.2% to $742.2 billion. Inventories increased $0.5 billion or 0.2% to $200.1 billion. Defense new orders for capital goods in July increased $2.1 billion or 20.5% to $12.5 billion. Shipments increased $0.7 billion or 5.8% to $12.6 billion. Unfilled orders decreased $0.2 billion or 0.1% to $188.7 billion. Inventories increased $0.2 billion or 1.2% to $20.9 billion.

Revised June Data

Revised seasonally adjusted June figures for all manufacturing industries were: new orders, $505.9 billion (revised from $506 billion); shipments, $500.5 billion (revised from $499 billion); unfilled orders, $1,221.5 billion (revised from $1,223.1 billion) and total inventories, $740.7 billion (unchanged).

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