Durable Goods Orders Rebound in March

New orders for US manufactured goods rose 4 percent in March, rebounding from a 1.4 percent fall in February. Excluding transportation, orders dropped 0.2 percent after a downwardly revised 1.3 percent decline in the previous month.
US Census Bureau | Joana Taborda | joana.taborda@tradingeconomics.com 4/24/2015 1:57:12 PM
Excluding transportation, new orders decreased 0.2 percent. Excluding defense, new orders increased 2.6 percent. Transportation equipment, also up two of the last three months, drove the increase, $9.5 billion or 13.5 percent to $80.3 billion.

Shipments of manufactured durable goods in March, up following two consecutive monthly decreases, increased $2.7 billion or 1.1 percent to $246.7 billion. This followed a 0.2 percent February decrease.   Transportation equipment, up three of the last four months, drove the increase, $3.2 billion or 4.3 percent to $78.0 billion.

Unfilled orders for manufactured durable goods in March, up following three consecutive monthly decreases, increased $0.3 billion or slightly to $1,156.4 billion. This followed a 0.5 percent February decrease. Transportation equipment, also up following three consecutive monthly decreases, drove the increase, $2.3 billion or 0.3 percent to $734.5 billion.

Inventories of manufactured durable goods in March, up twenty-three of the last twenty-four months, increased $0.3 billion or 0.1 percent to $412.9 billion. This was at the highest level since the series was first published on a NAICS basis in 1992 and followed a 0.2 percent February increase. Computers and electronic products, up seven of the last eight months, drove the increase, $0.3 billion or 0.7 percent to $50.1 billion.

Nondefense new orders for capital goods in March increased $2.7 billion or 3.5 percent to $80.2 billion. Shipments decreased $0.3 billion or 0.4 percent to $79.7 billion. Unfilled orders increased $0.5 billion or 0.1 percent to $728.6 billion. Inventories increased $0.1 billion or 0.1 percent to $186.7 billion. 

Defense new orders for capital goods in March increased $1.4 billion or 17.0 percent to $9.5 billion. Shipments increased $0.8 billion or 8.8 percent to $9.9 billion. Unfilled orders decreased $0.4 billion or 0.3 percent to $152.1 billion. Inventories decreased $0.3 billion or 1.1 percent to $24.5 billion

Durable Goods Orders Rebound in March