Durable Goods New Orders Up 3.5% in November - Modern Distribution Management

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Durable Goods New Orders Up 3.5% in November

Increase led by transportation equipment orders, which grew 8.4 percent for the month.
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New orders for manufactured durable goods in November increased 3.5 percent to $241.6 billion, according to the U.S. Census Bureau. This increase, up three of the last four months, followed a 0.7 percent October decrease.

Excluding transportation, new orders increased 1.2 percent. Excluding defense, new orders increased 3.5 percent. Transportation equipment, also up three of the last four months, led the increase, 8.4 percent to $81.2 billion. This was led by nondefense aircraft and parts, which increased $3.9 billion.

Shipments of manufactured durable goods in November, up four consecutive months, increased 1.8 percent to $238.3 billion. This was at the highest level since the series was first published on a NAICS basis in 1992, and followed a 0.6 percent October increase. Machinery, also up four consecutive months, led the increase, 4.5 percent to $35.6 billion.

Unfilled orders for manufactured durable goods in November, up nine of the last 10 months, increased 1 percent to $1,058.5 billion. This was at the highest level since the series was first published on a NAICS basis, and followed a 0.6 percent October increase. Transportation equipment, up three consecutive months, led the increase, 1.3 percent to $654.3 billion.

Inventories of manufactured durable goods in November, up seven of the last eight months, increased 0.3 percent to $384.7 billion. This was at the highest level since the series was first published on a NAICS basis, and followed a 0.3 percent October increase. Transportation equipment, up 18 of the last 19 months, led the increase, 0.4 percent to $120.8 billion.

Nondefense new orders for capital goods in November increased 9.4 percent to $88 billion. Shipments increased 1.3 percent to $75 billion. Unfilled orders increased 2.1 percent to $636.6 billion. Inventories increased 0.5 percent to $175.1 billion.

Defense new orders for capital goods in November increased 6.3 percent to $9.2 billion. Shipments increased 9.6 percent to $10.8 billion. Unfilled orders decreased 0.9 percent to $165.3 billion. Inventories decreased 2.1 percent to $22.5 billion.

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