The 2020 Mid-Year Economic Update_long

Durable Goods New Orders Down 1.4% in February

Transportation equipment led the decrease, down 3.5 percent.

New orders for manufactured durable goods in February decreased 1.4 percent to $231.3 billion, according to the U.S. Census Bureau. This decrease, down three of the last four months, followed a 2 percent January increase.

Excluding transportation, new orders decreased 0.4 percent. Excluding defense, new orders decreased 1 percent. Transportation equipment, also down three of the last four months, led the decrease, down 3.5 percent to $69.5 billion.

Shipments of manufactured durable goods in February, down four of the last five months, decreased 0.2 percent to $244 billion. This followed a 1.4 percent January decrease.

Primary metals, down five consecutive months, led the decrease, down 1.1 percent to $26.1 billion.

Unfilled orders for manufactured durable goods in February, down three consecutive months, decreased 0.5 percent to $1,156.9 billion. This followed a 0.3 percent January decrease.

Transportation equipment, also down three consecutive months, led the decrease, down 0.6 percent to $731.6 billion.

Inventories of manufactured durable goods in February, up 21 of the last 22 months, increased 0.3 percent to $413 billion. This was at the highest level since the series was first published on a NAICS basis in 1992 and followed a 0.3 percent January increase. Transportation equipment led the increase, up 0.9 percent to $135.4 billion.

Nondefense new orders for capital goods in February decreased 2.6 percent to $77.3 billion. Shipments decreased slightly to $80.2 billion. Unfilled orders decreased 0.4 percent to $727.8 billion. Inventories increased 0.1 percent to $186.8 billion.

Defense new orders for capital goods in February increased 10.2 percent to $8.3 billion. Shipments decreased 0.8 percent to $9 billion. Unfilled orders decreased 0.4 percent to $152.9 billion. Inventories increased 3 percent to $24.9 billion.

For more detail, download the PDF below.

Click Here

About the Author
Leave a Reply

Leave a Comment

Sign Up for the MDM Update Newsletter

The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.

By subscribing, you are agreeing to MDM’s Privacy Policy.

2

articles left

Want more Premium content from MDM?

Subscribe today and get:

  • New issues twice each month
  • Unlimited access to mdm.com, including 10+ years of archived data
  • Current trends analysis, market data and economic updates
  • Discounts on select store products and events

0

articles left

This is your last free article

Subscribe to MDM Premium today and get:

  • Unlimited access to MDM.com
  • 1 year digital subscription, with new issues twice a month
  • Trends analysis, market data and quarterly economic updates
  • Deals on select store products and events

1

article
left

You have one free article remaining

Subscribe to MDM Premium to get unlimited access. Your subscription includes:

  • Two new issues a month
  • Access to 10+ years of archived data on mdm.com
  • Quarterly economic updates, trends analysis and market data
  • Store and event discounts

To continue reading, you must be an MDM Premium subscriber.