New orders for manufactured durable goods in July decreased 7.3 percent to $226.6 billion, according to the U.S. Census Bureau’s advance report. This decrease, down following three consecutive monthly increases, followed a 3.9 percent June increase.
Excluding transportation, new orders decreased 0.6 percent. Excluding defense, new orders decreased 6.7 percent. Transportation equipment, also down following three consecutive monthly increases, led the decrease, down 19.4 percent to $69.7 billion. This was led by nondefense aircraft and parts, which decreased $14.5 billion.
Shipments of manufactured durable goods, down three of the last four months, decreased 0.3 percent to $228.8 billion. This followed a 0.1 percent June decrease. Computers and electronic products, also down three of the last four months, drove the decrease, falling 3.2 percent to $26.6 billion. This followed a 1.1 percent June increase.
Unfilled orders for manufactured durable goods in July, up five of the last six months, increased 0.4 percent to $1 trillion. This was at the highest level since the series was first published on a NAICS basis in 1992, and followed a 2.1 percent June increase.
Computers and electronic products, up four consecutive months, led the increase, up 0.9 percent to $135.9 billion.
Inventories of manufactured durable goods in July, up three of the last four months, increased 0.4 percent to $379.1 billion. This was at the highest level since the series was first published on a NAICS basis, and followed a 0.2 percent June increase.
Transportation equipment, up 14 of the last 15 months, led the increase, up 0.6 percent to $117.1 billion.
Nondefense new orders for capital goods decreased 15.4 percent to $78 billion. Shipments decreased 1.4 percent to $73.6 billion. Unfilled orders increased 0.7 percent to $610.2 billion. Inventories increased 0.3 percent to $171.3 billion.
Defense new orders for capital goods decreased 21.7 percent to $9.2 billion. Shipments decreased 5.9 percent to $9.4 billion. Unfilled orders decreased 0.1 percent to $169.6 billion. Inventories increased 0.3 percent to $23.1 billion.
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