US Durable Goods Orders Beat Expectations


New orders for US manufactured goods rose 3.4 percent in June from May, first increase in three months, lead by strong bookings for passenger airplanes.

Transportation equipment, also up following two consecutive monthly decreases, increased $6.4 billion or 8.9 percent to $78.4 billion boosted by a 66.1 percent surge in aircraft orders.

Excluding transportation, orders rose 0.8 percent in June, the highest gain since August 2014. Excluding defense, orders went up 3.8 percent. Non-defense capital orders excluding aircrafts rose 0.9 percent.

Shipments of manufactured durable goods in June, up following two consecutive monthly decreases, increased $0.3 billion or 0.1 percent to $239.4 billion. This followed a 0.3 percent May decrease.  Transportation equipment, also up following two consecutive monthly decreases, drove the increase, $0.4 billion or 0.5 percent to $77.5 billion.

Unfilled orders for manufactured durable goods in June, up following two consecutive monthly decreases, increased $1.0 billion or 0.1 percent to $1,195.8 billion. This followed a 0.5 percent May decrease. Transportation equipment, also up following two consecutive monthly decreases, led the increase, $0.8 billion or 0.1 percent to $799.5 billion.

Inventories of manufactured durable goods in June, up twenty-four of the last twenty-five months, increased $1.6 billion or 0.4 percent to $402.3 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 May decrease. Transportation equipment, up two of the last three months, led the increase, $0.7 billion or 0.5 percent to $130.8 billion.

Nondefense new orders for capital goods in June increased $6.9 billion or 9.4 percent to $80.8 billion. Shipments decreased $0.1 billion or 0.2 percent to $78.6 billion. Unfilled orders increased $2.2 billion or 0.3 percent to $759.2 billion. Inventories increased $1.0 billion or 0.6 percent to $177.5 billion.

Defense new orders for capital goods in June decreased $0.2 billion or 2.5 percent to $8.8 billion. Shipments increased $0.4 billion or 3.8 percent to $9.9 billion. Unfilled orders decreased $1.1 billion or 0.7 percent to $149.6 billion. Inventories increased $0.1 billion or 0.3 percent to $21.9 billion.
Figures for May were revised to show durable goods fell at a slower 2.1 percent.

US Durable Goods Orders Beat Expectations


US Census Bureau | Joana Taborda | joana.taborda@tradingeconomics.com
7/27/2015 2:36:17 PM