New orders for manufactured durable goods in June increased $3.4 billion or 1.6 percent to $221.6 billion, the U.S. Census Bureau announced in its Advance Report. This increase, up two consecutive months, followed a 1.6 percent May increase.
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Excluding transportation, new orders decreased 1.1 percent. Excluding defense, new orders decreased 0.7 percent. Transportation equipment, up four of the last five months, had the largest increase, $5.1 billion or 8 percent to $68.8 billion.
Shipments of manufactured durable goods in June, up six of the last seven months, increased $0.2 billion or 0.1 percent to $225.4 billion. This followed a 1.2 percent May increase. Machinery, up four of the last five months, had the largest increase, $1 billion or 3.1 percent to $32.9 billion. This was at the highest level since the series was first published on a NAICS basis in 1992 and followed a 1.2 percent May increase.
Unfilled orders for manufactured durable goods in June, up 29 of the past 30 months, increased $3.7 billion or 0.4 percent to $988.6 billion. This followed a slight May increase. Transportation equipment, up following three consecutive monthly decreases, had the largest increase, $4.4 billion or 0.8 percent to $568.5 billion.
Inventories of manufactured durable goods in June, up 29 of the past 30 months, increased $1.2 billion or 0.3 percent to $366.7 billion. This was at the highest level since the series was first published on a NAICS basis and followed a 0.4 percent May increase.
Transportation equipment, also up 29 of the past 30 months, had the largest increase, $0.8 billion or 0.7 percent to $108.8 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 June increased $0.8 billion or 1.2 percent to $72.1 billion. Shipments increased $0.4 billion or 0.6 percent to $70.7 billion. Unfilled orders increased $1.5 billion or 0.3 percent to $586.5 billion. Inventories increased $1.2 billion or 0.7 percent to $168.5 billion.
Defense new orders for capital goods in June increased $4.5 billion or 62 percent to $11.7 billion. Shipments increased $0.2 billion or 2 percent to $8.7 billion. Unfilled orders increased $3.0 billion or 1.8 percent to $165.5 billion. Inventories increased slightly or 0.2 percent to $20.9 billion.
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