US Durable Goods Orders Rise the Most in Over a Year


New orders for US manufactured durable goods jumped 2.9 percent month-over-month in December 2017, following an upwardly revised 1.7 percent rise in November and easily beating market expectations of 0.8 percent. It was the steepest increase in durable goods orders since October 2016, led by transportation equipment (up 7.4 percent).

Excluding transportation, durable goods orders went up 0.6 percent, following an upwardly revised 0.3 percent gain in November and above market consensus of 0.5 percent. Excluding defense, they increased by 2.2 percent, compared to 1.5 percent in the previous month and also beating forecasts of 0.3 percent.

Shipments of manufactured durable goods in December, up seven of the last eight months, increased $1.5 billion or 0.6 percent to $246.8 billion. This followed a 1.3 percent November increase. Fabricated metal products, also up seven of the last eight months, led the increase, $0.5 billion or 1.5 percent to $33.5 billion.

Unfilled orders for manufactured durable goods in December, up four consecutive months, increased $6.9 billion or 0.6 percent to $1,144.1 billion. This followed a 0.1 percent November increase. Transportation equipment, up following two consecutive monthly decreases, led the increase, $6.0 billion or 0.8 percent to $775.9 billion. 

Inventories of manufactured durable goods in December, up seventeen of the last eighteen months, increased $1.3 billion or 0.3 percent to $406.5 billion. This followed a 0.2 percent November increase. Machinery, up ten of the last eleven months, led the increase, $0.4 billion or 0.6 percent to $70.4 billion. 

Nondefense new orders for capital goods in December decreased $0.1 billion or 0.1 percent to $75.1 billion. Shipments decreased $0.3 billion or 0.4 percent to $74.3 billion. Unfilled orders increased $0.9 billion or 0.1 percent to $707.3 billion. Inventories increased $0.4 billion or 0.2 percent to $180.9 billion. Defense new orders for capital goods in December increased $2.1 billion or 19.5 percent to $12.8 billion. Shipments decreased less than $0.1 billion or 0.2 percent to $11.1 billion. Unfilled orders increased $1.7 billion or 1.2 percent to $143.8 billion. Inventories increased $0.2 billion or 0.7 percent to $23.2 billion. 

US Durable Goods Orders Rise the Most in Over a Year


US Census Bureau | Joana Ferreira | joana.ferreira@tradingeconomics.com
1/26/2018 1:39:16 PM