US Durable Goods Orders Down 2.8%


New orders for US manufactured durable goods shrank 2.8 percent in February from January of 2016, following a downwardly revised 4.2 percent gain in the previous month and compared to market expectations of a 2.9 percent decline. Excluding transportation, new orders dropped 1 percent and without defense orders fell 1.9 percent.

Transportation equipment, also down three of the last four months, led the decrease, $4.9 billion or 6.2 percent to $74.2 billion.

Shipments of manufactured durable goods in February, down two of the last three months, decreased $2.1 billion or 0.9 percent to $238.3 billion. This followed a 1.5 percent January increase. Transportation equipment, also down two of the last three months, led the decrease, $1.0 billion or 1.2 percent to $79.0 billion. 

Unfilled orders for manufactured durable goods in February, down two of the last three months, decreased $4.2 billion or 0.4 percent to $1,183.7 billion. This followed a virtually unchanged January increase. Transportation equipment, down three consecutive months, drove the decrease, $4.8 billion or 0.6 percent to $789.1 billion. 

Inventories of manufactured durable goods in February, down seven of the last eight months, decreased $1.1 billion or 0.3 percent to $394.3 billion. This followed a 0.2 percent January decrease. Primary metals, down thirteen consecutive months led the decrease, $0.4 billion or 1.2 percent to $33.2 billion.

Nondefense new orders for capital goods in February decreased $5.9 billion or 7.5 percent to $72.7 billion. Shipments decreased $1.9 billion or 2.5 percent to $75.4 billion. Unfilled orders decreased $2.7 billion or 0.4 percent to $742.0 billion. Inventories decreased $0.2 billion or 0.1 percent to $174.7 billion.

Defense new orders for capital goods in February decreased $2.6 billion or 25.6 percent to $7.5 billion. Shipments decreased less than $0.1 billion or 0.2 percent to $9.7 billion. Unfilled orders decreased $2.2 billion or 1.5 percent to $148.6 billion. Inventories decreased $0.5 billion or 2.4 percent to $21.7 billion. 

US Durable Goods Orders Down 2.8%


US Census Bureau | Joana Taborda | joana.taborda@tradingeconomics.com
3/24/2016 12:41:44 PM