US Durable Goods Orders Slump 5.1%


New orders for US manufactured durable goods shrank 5.1 percent in December of 2015, the biggest decline since August of 2014 and following a revised 0.5 percent drop in November. The plunge came much higher than expected, due to a 12.4 percent decline in transportation orders. Excluding transportation, new orders decreased 1.2 percent and without defense, orders went down 2.9 percent.

Transportation equipment, also down four of the last five months, led the decrease, $10.1 billion or 12.4 percent to $71.3 billion.

Shipments of manufactured durable goods in December, down two of the last three months, decreased $5.4 billion, or 2.2 percent, to $235.8 billion. This followed a 0.6 percent November increase. Transportation equipment, also down two of the last three months, led the decrease, $5.4 billion or 6.7 percent to $75.1 billion.

Unfilled orders for manufactured durable goods in December, down following two consecutive monthly increases, decreased $5.6 billion or 0.5 percent to $1,187.6 billion. This followed a 0.1 percent November increase. Transportation equipment, also down following two consecutive monthly increases, led the decrease, $3.8 billion or 0.5 percent to $795.2 billion.

Inventories of manufactured durable goods in December, up following five consecutive monthly decreases, increased $2.1 billion, or 0.5 percent, to $397.9 billion. This followed a 0.2 percent November decrease. Transportation, up following three consecutive monthly decreases, led the increase, $1.8 billion or 1.4 percent to $131.8 billion.

Nondefense new orders for capital goods in December decreased $11.3 billion or 15.0 percent to $64.4 billion. Shipments decreased $5.3 billion or 6.6 percent to $74.7 billion. Unfilled orders decreased $10.3 billion or 1.4 percent to $742.8 billion. Inventories increased $1.2 billion or 0.7 percent to $175.9 billion.

Defense new orders for capital goods in December decreased $4.9 billion or 34.4 percent to $9.3 billion. Shipments increased $0.4 billion or 3.6 percent to $10.2 billion. Unfilled orders decreased $0.9 billion or 0.6 percent to $150.5 billion. Inventories decreased less than $0.1 billion or 0.1 percent to $21.3 billion.

US Durable Goods Orders Slump 5.1%


US Census Bureau | Joana Taborda | joana.taborda@tradingeconomics.com
1/28/2016 2:18:34 PM