US Durable Goods Orders Rise Less Than Estimated


New orders for US manufactured durable goods went up 0.7 percent month-over-month in March of 2017, following an upwardly revised 2.3 percent jump in February and below expectations of a 1.2 percent rise.

Excluding transportation, new orders decreased 0.2 percent. Excluding defense, new orders increased 0.1 percent. Transportation equipment, also up three consecutive months, drove the increase, $2.0 billion or 2.4 percent to $83.3 billion.

Shipments of manufactured durable goods in March, up four of the last five months, increased $0.6 billion or 0.2 percent to $239.8 billion. This followed a 0.2 percent February increase. Transportation equipment, up following two consecutive monthly decreases, led the increase, $0.4 billion or 0.5 percent to $81.7 billion.

Unfilled orders for manufactured durable goods in March, up two consecutive months, increased $2.5 billion or 0.2 percent to $1,119.0 billion. This followed a 0.1 percent February increase. Transportation equipment, also up two consecutive months, led the increase, $1.6 billion or 0.2 percent to $755.5 billion. 

Inventories of manufactured durable goods in March, up four of the last five months, increased $0.5 billion or 0.1 percent to $385.7 billion. This followed a 0.2 percent February increase. Machinery, also up four of the last five months, led the increase, $0.4 billion or 0.6 percent to $66.7 billion.

Nondefense new orders for capital goods in March increased $0.9 billion or 1.2 percent to $75.0 billion. Shipments increased $0.9 billion or 1.3 percent to $73.0 billion. Unfilled orders increased $2.0 billion or 0.3 percent to $693.4 billion. Inventories increased $0.8 billion or 0.4 percent to $171.7 billion.

Defense new orders for capital goods in March increased $1.1 billion or 12.2 percent to $10.4 billion. Shipments decreased $0.5 billion or 4.0 percent to $10.9 billion. Unfilled orders decreased $0.6 billion or 0.4 percent to $137.3 billion. Inventories decreased $0.3 billion or 1.3 percent to $21.1 billion.

 US Durable Goods Orders Rise Less Than Estimated


US Census Bureau | Joana Taborda | joana.taborda@tradingeconomics.com
4/27/2017 12:39:05 PM