Durable Goods New Orders Up 4.8% in October

Excluding transportation, new orders increased 1 percent.

New orders for manufactured durable goods in October increased 4.8 percent to $239.4 billion, according to the U.S. Census Bureau. This increase, up four consecutive months, followed a 0.4 percent September increase. Excluding transportation, new orders increased 1 percent. Excluding defense, new orders increased 5.2 percent.

Transportation equipment, also up four consecutive months, led the increase, up 12 percent to $88.2 billion.

Shipments of manufactured durable goods in October, up four of the last five months, increased 0.1 percent to $234.6 billion. This followed a 0.8 percent September increase. Fabricated metal products, up three of the last four months, drove the increase, up 1.1 percent to $30.5 billion.

Unfilled orders for manufactured durable goods in October, up following four consecutive monthly decreases, increased 0.7 percent to $1,128.6 billion. This followed a 0.2 percent September decrease. Transportation equipment, also up following four consecutive monthly decreases, led the increase, up 1 percent to $773.1 billion.

Inventories of manufactured durable goods in October, up four consecutive months, was virtually unchanged at $383.7 billion. This followed a virtually unchanged September increase. Transportation equipment, up three of the last four months, drove the increase, up 0.2 percent to $123.8 billion.

Nondefense new orders for capital goods in October increased 14.5 percent to $80.1 billion. Shipments decreased 0.6 percent to $71.5 billion. Unfilled orders increased 1.3 percent to $703.1 billion. Inventories decreased 0.4 percent to $169.6 billion. Defense new orders for capital goods in October decreased 3.7 percent to $10.8 billion. Shipments increased 2.9 percent to $10.6 billion. Unfilled orders increased 0.1 percent to $138.7 billion. Inventories increased 1.9 percent to $21.2 billion.

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