The 2020 Mid-Year Economic Update_long

Durable Goods Orders Fall 5.3% in January

New orders for manufactured durable goods in January decreased $12 billion or 5.3 percent to $212.8 billion, the U.S. Census Bureau announced. This decrease followed two consecutive monthly increases including a 4.4 percent December increase. Excluding transportation, new orders decreased 1.6 percent. Excluding defense, new orders decreased 4.7 percent.


Shipments
Shipments of manufactured durable goods in January, up following two consecutive monthly decreases, increased $3.8 billion or 1.8 percent to $215.5 billion. This followed a 0.4 percent December decrease.


Unfilled Orders
Unfilled orders for manufactured durable goods in January, up thirty-two of the last thirty-three months, increased $5.2 billion or 0.6 percent to $813.2 billion. ...

New orders for manufactured durable goods in January decreased $12 billion or 5.3 percent to $212.8 billion, the U.S. Census Bureau announced. This decrease followed two consecutive monthly increases including a 4.4 percent December increase. Excluding transportation, new orders decreased 1.6 percent. Excluding defense, new orders decreased 4.7 percent.

Shipments
Shipments of manufactured durable goods in January, up following two consecutive monthly decreases, increased $3.8 billion or 1.8 percent to $215.5 billion. This followed a 0.4 percent December decrease.

Unfilled Orders
Unfilled orders for manufactured durable goods in January, up thirty-two of the last thirty-three months, increased $5.2 billion or 0.6 percent to $813.2 billion. This was at the highest level since the series was first stated on a NAICS basis in 1992 and followed a 2.5 percent December increase.

Inventories
Inventories of manufactured durable goods in January, up six of the last seven months, increased $2.0 billion or 0.6 percent to $322.3 billion. This was also at the highest level since the series was first stated on a NAICS basis in 1992 and followed a 1.1 percent December increase.

Capital Goods Industries
Nondefense
Nondefense new orders for capital goods in January decreased $6.6 billion or 8.1 percent to $74.6 billion.

Defense
Defense new orders for capital goods in January decreased $2.3 billion or 19.9 percent to $9.3 billion.
 
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