The 2020 Mid-Year Economic Update_long

Durable Goods New Orders Up 0.7% in June

Machinery was up 2.4 percent and led the increase.

New orders for manufactured durable goods in June increased 0.7 percent to $239.9 billion, according to the advance report from the U.S. Census Bureau. This increase, up four of the last five months, followed a 1 percent May decrease.

Excluding transportation, new orders increased 0.8 percent. Excluding defense, new orders increased 0.7 percent. Machinery, up following two consecutive monthly decreases, led the increase, up 2.4 percent to $37.3 billion.

Shipments of manufactured durable goods in June, up four of the last five months, increased 0.1 percent to $238.2 billion. This followed a 0.1 percent May decrease. Transportation equipment, up following two consecutive monthly decreases, drove the increase, at 0.7 percent to $70.2 billion.

Unfilled orders for manufactured durable goods in June, up 14 of the last 15 months, increased 0.8 percent to $1,096.8 billion. This was the highest level since the series was first published on a NAICS basis in 1992 and followed a 0.7 percent May increase. Transportation equipment, up nine of the last 10 months, led the increase, up 0.7 percent to $681 billion.

Inventories of manufactured durable goods in June, up 14 of the last 15 months, increased 0.4 percent to $399.7 billion. This was at the highest level since the series was first published on a NAICS basis and followed a 1 percent May increase. Transportation equipment, also up 14 of the last 15 months, led the increase, up 0.7 percent to $128.8 billion.

Nondefense new orders for capital goods in June increased 1.8 percent to $82.3 billion. Shipments increased 1.2 percent to $76.6 billion. Unfilled orders increased 0.8 percent to $667.2 billion. Inventories increased 0.1 percent to $181.8 billion.

Defense new orders for capital goods in June increased 2.5 percent to $9.7 billion. Shipments decreased 0.6 percent to $9.4 billion. Unfilled orders increased 0.2 percent to $159.8 billion. Inventories increased 2.1 percent to $24.1 billion.

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