New orders for manufactured durable goods in May increased $2.3 billion or 1.1 percent to $217.2 billion, the U.S. Census Bureau reported. This increase, up following two consecutive monthly decreases, followed a 0.2 percent April decrease.
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Excluding transportation, new orders increased 0.4 percent. Excluding defense, new orders increased 0.7 percent. Transportation equipment, up three of the last four months, had the largest increase, $1.7 billion or 2.7 percent to $63.1 billion. This was led by nondefense aircraft and parts, which increased $0.4 billion.
Shipments of manufactured durable goods in May, up five of the last six months, increased $1.5 billion or 0.7 percent to $224.1 billion. This followed a 0.7 percent April increase. Transportation equipment, also up five of the last six months, had the largest increase, $1.0 billion or 1.6 percent to $65.1 billion. This followed a 3.5 percent April increase.
Unfilled orders for manufactured durable goods in May, down two consecutive months, decreased $0.4 billion to $984.5 billion. This followed a 0.1 percent April decrease. Transportation equipment, down three consecutive months, had the largest decrease, $2.0 billion or 0.4 percent to $563.5 billion.
Inventories of manufactured durable goods in May, up twenty-eight of the last twenty-nine months, increased $1.8 billion or 0.5 percent to $365.8 billion. This was at the highest level since the series was first published on a NAICS basis in 1992 and followed a 0.3 percent April increase. Transportation equipment, also up twenty-eight of the last twenty-nine months, had the largest increase, $1.5 billion or 1.4 percent to $108.2 billion. This was also at the highest level since the series was first published on a NAICS basis.
Nondefense new orders for capital goods in May increased $0.9 billion or 1.3 percent to $70.4 billion. Shipments increased $0.3 billion or 0.4 percent to $69.8 billion. Unfilled orders increased $0.5 billion or 0.1 percent to $584.6 billion. Inventories increased $1.4 billion or 0.8 percent to $167.4 billion. Defense new orders for capital goods in May increased $0.5 billion or 7.8 percent to $6.9 billion. Shipments increased $0.7 billion or 8.9 percent to $8.4 billion. Unfilled orders decreased $1.5 billion or 0.9 percent to $162.3 billion. Inventories increased $0.1 billion or 0.7 percent to $20.9 billion.
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