US Durable Goods Orders Rebound in January


New orders for US manufactured durable goods jumped 4.9 percent in January of 2016, rising for the first time in three months, following a downwardly revised 4.6 percent fall in December. It is the biggest gain in ten months, higher than market expectations of a 2.5 percent increase. Excluding transportation, new orders went up 1.8 percent and without defense orders increased 4.5 percent.

Transportation equipment, also up following two consecutive monthly decreases, led the increase, $8.2 billion or 11.5 percent to $79.7 billion. 

Shipments of manufactured durable goods in January, up two of the last three months, increased $4.6 billion, or 1.9 percent, to $241.9 billion. This followed a 1.6 percent December decrease. Transportation equipment, also up two of the last three months, led the increase, $4.3 billion or 5.7 percent to $80.0 billion. 

Unfilled orders for manufactured durable goods in January, up three of the last four months, increased $0.6 billion or 0.1 percent to $1,187.7 billion. This followed a 0.5 percent December decrease.  Computers and electronic products, up twenty-five consecutive months, drove the increase, $0.7 billion or 0.5 percent to $137.2 billion.

Inventories of manufactured durable goods in January, down six of the last seven months, decreased $0.4 billion, or 0.1 percent, to $396.3 billion. This followed a 0.2 percent December increase. Primary metals, down twelve consecutive months drove the decrease, $0.7 billion or 2.0 percent to $33.8 billion.

Nondefense new orders for capital goods in January increased $14.0 billion or 21.6 percent to $79.2 billion. Shipments increased $2.9 billion or 3.9 percent to $78.3 billion. Unfilled orders increased $0.9 billion or 0.1 percent to $743.9 billion. Inventories decreased $0.1 billion or 0.1 percent to $175.4 billion. Defense new orders for capital goods in January increased $1.1 billion or 11.9 percent to $10.2 billion. Shipments decreased $0.5 billion or 4.8 percent to $9.6 billion. Unfilled orders increased $0.7 billion or 0.4 percent to $151.1 billion. Inventories increased $1.0 billion or 4.6 percent to $22.3 billion.

US Durable Goods Orders Rebound in January


US Census Bureau | Joana Taborda | joana.taborda@tradingeconomics.com
2/25/2016 1:50:06 PM