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.
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