Transportation equipment, up five of the last six months, drove the increase, $1.0 billion or 1.2 percent to $90.9 billion. Excluding transportation, new orders decreased 0.1 percent, after an upwardly revised 0.3 percent rise in December and compared to forecasts of a 0.1 percent gain. Excluding defense, new orders increased 0.7 percent, following an upwardly revised 2.2 percent rise in the previous month.
Unfilled orders for manufactured durable goods in January, up following three consecutive monthly decreases, increased $1.4 billion or 0.1 percent to $1,181.9 billion. This followed a 0.1 percent December decrease. Transportation equipment, also up following three consecutive monthly decreases, led the increase, $0.9 billion or 0.1 percent to $811.6 billion.
Inventories of manufactured durable goods in January, up twenty-four of the last twenty-five months, increased $1.7 billion or 0.4 percent to $417.0 billion. This followed a 0.3 percent December increase. Transportation equipment, up four of the last five months, led the increase, $1.2 billion or 0.9 percent to $132.6 billion.
Nondefense new orders for capital goods in January increased $2.0 billion or 2.5 percent to $80.3 billion. Shipments decreased $1.3 billion or 1.6 percent to $78.4 billion. Unfilled orders increased $1.9 billion or 0.3 percent to $711.0 billion. Inventories increased $0.9 billion or 0.5 percent to $182.8 billion. Defense new orders for capital goods in January decreased $0.3 billion or 2.3 percent to $12.5 billion. Shipments increased $0.4 billion or 3.4 percent to $13.0 billion. Unfilled orders decreased $0.5 billion or 0.3 percent to $156.0 billion. Inventories increased $0.4 billion or 1.6 percent to $23.0 billion.