Durable Goods Orders Disappoint in December


Orders for US capital goods shrank by 3.4 percent in December, following a downwardly revised 2.1 percent fall in November. Excluding transportation, orders were down 0.8 percent after a 1.3 percent decline in the previous month.

New orders for manufactured durable goods in December decreased $8.1 billion to $230.5 billion, down four of the last five months. Excluding defense, new orders decreased 3.2 percent. Non-defense capital goods orders excluding aircraft, fell 0.6 percent after downwardly revised 0.6 percent drop in November. Orders for transportation equipment were down 9.2 percent.

Shipments of manufactured durable goods in December, up following two consecutive monthly decreases, increased $2.6 billion or 1.1 percent to $246.8 billion. This followed a 0.7 percent November decrease. Transportation equipment, up three of the last four months, led the increase, $2.2 billion or 3.1 percent to $74.5 billion.

Unfilled orders for manufactured durable goods in December, down following ten consecutive monthly increases, decreased $8.9 billion or 0.8 percent to $1,167.6 billion. This followed a 0.2 percent November increase. 

Inventories of manufactured durable goods in December, up twenty of the last twenty-one months, increased $2.0 billion or 0.5 percent to $410.8 billion. This was at the highest level since the series was first published on a NAICS basis in 1992 and followed a 0.5 percent November increase.

Nondefense new orders for capital goods in December decreased $7.9 billion or 9.7 percent to $73.3 billion. Shipments increased $0.1 billion or 0.2 percent to $78.9 billion. Unfilled orders decreased $5.7 billion or 0.8 percent to $732.4 billion. Inventories increased $1.0 billion or 0.5 percent to $187.5 billion.

Defense new orders for capital goods in December decreased $0.5 billion or 5.3 percent to $8.7 billion. Shipments increased $0.2 billion or 2.2 percent to $10.2 billion. Unfilled orders decreased $1.5 billion or 0.9 percent to $156.2 billion. Inventories decreased $0.1 billion or 0.3 percent to $24.1 billion.

Durable Goods Orders Disappoint in December


US Census Bureau | Joana Taborda | joana.taborda@tradingeconomics.com
1/27/2015 2:02:21 PM