New orders for manufactured durable goods in August decreased $4 billion or 2.4% to $164.4 billion, the U.S. Census Bureau announced. This was the second decrease in the past three months. This followed a 4.8% July increase. Excluding transportation, new orders were down slightly. Excluding defense, new orders decreased 2.4%.
Shipments
Shipments of manufactured durable goods in August, down following two consecutive monthly increases, decreased $2.4 billion or 1.4% to $171.3 billion. This followed a 2.2% July increase.
Unfilled Orders
Unfilled orders for manufactured durable goods in August, down eleven consecutive months, decreased $2.8 billion or 0.4% to $737.1 billion. This was the longest streak of consecutive monthly decreases since the series was first published on a NAICS basis in 1992 and followed a 0.1% July decrease.
Inventories
Inventories of manufactured durable goods in August, down eight consecutive months, decreased $4.2 billion or 1.3% to $308.9 billion. This followed a 1.1% July decrease.
Capital Goods Industries
Nondefense
Nondefense new orders for capital goods in August decreased $4.0 billion or 7.1% to $52.7 billion.
Defense
Defense new orders for capital goods in August increased $0.1 billion or 1.1% to $9.9 billion.
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