New Orders for Durable Goods Increase in September - Modern Distribution Management

Log In

New Orders for Durable Goods Increase in September

Excluding defense, new orders increased 2.9 percent for the month.
Author
Date

New orders for manufactured durable goods in September increased $6.3 billion or 3.3 percent to $199.2 billion, according to the latest release from the U.S. Census Bureau. Up two of the last three months, this increase followed a 1 percent August decrease.

We Deliver Distribution News to Your Inbox
Sign up below to receive MDM Update, your free weekly distribution news update by email.

\"\"

Excluding transportation, new orders decreased 0.8 percent. Excluding defense, new orders increased 2.9 percent. Transportation equipment, also up two of the last three months, had the largest increase, $7.4 billion or 15.7 percent to $54.8 billion. This was due to nondefense aircraft and parts, which increased $6.6 billion.

Shipments of manufactured durable goods in September, down two consecutive months, decreased $0.9 billion or 0.4 percent to $197.4 billion. This followed a 1.4 percent August decrease. Computers and electronic products, down four of the last five months, had the largest decrease, $0.8 billion or 2.3 percent to $33.4 billion.

\”Business equipment spending remains an important source of growth for the economy,\” said Daniel J. Meckstroth, Ph.D., chief economist of the Manufacturers Alliance/MAPI. \”The breadth of the capital equipment rebound amid low utilization rates and sluggish economic growth shows that firms need to repair and replace equipment as production rebounds. In addition, postponed spending for high tech equipment has also come back faster than many in the industry expected.\”

Unfilled orders for manufactured durable goods in September, up six consecutive months, increased $7.9 billion or 1.0 percent to $813.2 billion. This followed a 0.1 percent August increase. Transportation equipment, up following four consecutive monthly decreases, had the largest increase, $5.8 billion or 1.2 percent to $480.0 billion.

Inventories of manufactured durable goods in September, up nine consecutive months, increased $1.7 billion or 0.5 percent to $314.7 billion. This followed a 0.6 percent August increase. Transportation equipment, also up nine consecutive months, had the largest increase, $1.2 billion or 1.5 percent to $82.7 billion.

Nondefense new orders for capital goods in September increased $5.7 billion or 8.6 percent to $71.9 billion. Shipments decreased $0.5 billion or 0.7 percent to $64.7 billion. Unfilled orders increased $7.2 billion or 1.5 percent to $496.0 billion. Inventories increased $1.8 billion or 1.3 percent to $133.0 billion.

Defense new orders for capital goods in September increased $0.8 billion or 8.0 percent to $10.1 billion. Shipments increased $0.5 billion or 5.7 percent to $9.7 billion. Unfilled orders increased $0.4 billion or 0.3 percent to $140.3 billion. Inventories decreased $0.1 billion or 0.5 percent to $17.5 billion.

For more details, download the full report in pdf format below.

Click Here


Share this article

About the Author
Recommended Reading
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.

Get the MDM Update Newsletter

Wholesale distribution news and trends delivered right to your inbox.

Sign-up for our free newsletter and get:

  • Up-to-date news in a quick-to-read format
  • Free access to webcasts, podcasts and live events
  • Exclusive whitepapers, research and reports
  • And more!

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

Subscribe to continue reading

MDM Premium Subscribers 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.

Join other distribution executives who use MDM Premium to optimize their business. Our insights and analysis help you enter the right new markets, turbocharge your sales and marketing efforts, identify business partners that help you scale, and stay ahead of your competitors.

Register for full access

By providing your email, you agree to receive announcements from us and our partners for our newsletter, events, surveys, and partner resources per MDM Terms & Conditions. You can withdraw consent at any time.

Learn More about Custom Reports

Request a Market Prospector Demo

  • This field is for validation purposes and should be left unchanged.