The 2020 Mid-Year Economic Update_long

New Orders Up 0.2% in November

Second monthly increase for durable goods in the past three months.

New orders for manufactured durable goods in November increased $0.3 billion or 0.2% to $166.9 billion, the U.S. Census Bureau announced. This was the second monthly increase in the past three months. This followed a 0.6% October decrease. Excluding transportation, new orders increased 2%. Excluding defense, new orders decreased slightly. Computers and electronic products, also up two of the last three months, had the largest increase, $0.9 billion or 3.7% to $25.7 billion. 

Shipments of manufactured durable goods in November, up three consecutive months, increased $0.5 billion or 0.3% to $175.9 billion. This followed a 0.7% October increase. Machinery, up two of the last three months, had the largest increase, $0.4 billion or 2.0% to $22.6 billion.
 
Unfilled orders for manufactured durable goods in November, down fourteen consecutive months, decreased $4.9 billion or 0.7% to $724.5 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 0.6% October decrease.
 
Transportation equipment, down thirteen of the last fourteen months, had the largest decrease, $5.2 billion or 1.2% to $418.1 billion.
 
Inventories of manufactured durable goods in November, down ten of the last eleven months, decreased $0.5 billion or 0.2% to $303.6 billion. This followed a slight increase in October. Computers and electronic products, down eleven consecutive months, had the largest decrease, $0.2 billion or 0.4% to $42.8 billion.
 
Nondefense new orders for capital goods in November decreased $1.0 billion or 1.9% to $53.5 billion. Shipments increased $0.2 billion or 0.3% to $57.0 billion. Unfilled orders decreased $3.5 billion or 0.8% to $413.9 billion. Inventories decreased $0.1 billion or 0.1% to $132.4 billion.
 
Defense new orders for capital goods in November increased $0.7 billion or 8.5% to $9.2 billion. Shipments decreased $0.2 billion or 1.4% to $10.8 billion. Unfilled orders decreased $1.7 billion or 1.2% to $135.6 billion. Inventories decreased $0.1 billion or 0.5% to $20.2 billion.
 
Download the pdf below for more details on November new orders.

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