New orders for manufactured durable goods in November increased $3.1 billion or 1.3 percent to $241.4 billion, according to the advance report from the U.S. Census Bureau. This increase, up three of the last four months, followed a 0.4 percent October decrease.
Excluding transportation, new orders decreased 0.1 percent. Excluding defense, new orders increased 1.0 percent. Transportation equipment, also up three of the last four months, drove the increase, $3.3 billion or 4.2 percent to $80.9 billion.
Shipments of manufactured durable goods in November, up six of the last seven months, increased $2.4 billion or 1.0 percent to $244.5 billion. This followed a 0.5 percent October increase. Transportation equipment, up two of the last three months, led the increase, $2.1 billion or 2.6 percent to $81.3 billion.
Inventories of manufactured durable goods in November, up sixteen of the last seventeen months, increased $0.9 billion or 0.2 percent to $405.2 billion. This followed a 0.2 percent October increase. Machinery, up nine of the last ten months, led the increase, $0.3 billion or 0.4 percent to $69.9 billion.
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