The 2020 Mid-Year Economic Update_long

Advance Report: New Orders for Durable Goods Down 1.3% in April

Manufactured durable goods, which had increased 11 consecutive months, had been up 1.3% in March.
New Orders for Durable Goods April 2021

New orders for manufactured durable goods in March decreased $3.2 billion, or 1.3%, to $246.2 billion, according to the U.S. Census Bureau.

Manufactured durable goods, which had increased 11 consecutive months, had been up 1.3% in March. Excluding transportation, new orders increased 1%. Excluding defense, new orders were virtually unchanged. Transportation equipment, down two consecutive months, drove the decrease, $4.9 billion or 6.7% to $68.9 billion.

Shipments

Shipments of manufactured durable goods in April, up eleven of the last twelve months, increased $1.4 billion or 0.6% to $248.7 billion. This followed a 2.7% March increase. Primary metals, also up eleven of the last twelve months, led the increase, $0.6 billion or 2.7% to $21.6 billion.

Unfilled Orders

Unfilled orders for manufactured durable goods in April, up three consecutive months, increased $1.9 billion or 0.2% to $1,197.0 billion. This followed a 0.5% March increase. Fabricated metal products, up eleven consecutive months, drove the increase, $3.1 billion or 3.4% to $95.9 billion.

Inventories

Inventories of manufactured durable goods in April, up three consecutive months, increased $2.2 billion or 0.5% to $441.6 billion. This followed a 1.0% March increase. Transportation equipment, also up three consecutive months, led the increase, $0.9 billion or 0.6% to $149.4 billion.

Capital Goods

Nondefense new orders for capital goods in April increased $2.7 billion or 3.5% to $80.1 billion. Shipments increased $3.1 billion or 4.1% to $78.9 billion. Unfilled orders increased $1.2 billion or 0.2% to $721.9 billion. Inventories decreased $0.3 billion or 0.2% to $196.4 billion. Defense new orders for capital goods in April decreased $3.2 billion or 25.8% to $9.1 billion. Shipments increased $0.6 billion or 4.8% to $12.2 billion. Unfilled orders decreased $3.1 billion or 1.6% to $191.9 billion. Inventories increased $0.1 billion or 0.7% to $20.9 billion.

Revised and Recently Benchmarked March Data

Revised seasonally adjusted March figures for all manufacturing industries were: new orders, $487.8 billion (revised from $486.6 billion); shipments, $485.8 billion (revised from $485.4 billion); unfilled orders, $1,195.1 billion (revised from $1,194.2 billion) and total inventories, $721.0 billion (revised from $721.1 billion).

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