Durable Goods Beat Forecasts in July


New orders for US manufactured goods rose for the second straight month by 2 percent in July, slowing from an upwardly revised 4.1 percent gain in the previous month but exceeding market expectations of a drop.

Excluding transportation, orders rose 0.6 percent and excluding defense, orders increased 1 percent, also above expectations. Transportation equipment led the increase, up $3.8 billion or 4.7 percent to $83.2 billion.

Shipments of manufactured durable goods in July, up two consecutive months, increased $2.3 billion or 1.0 percent to $243.2 billion. This followed a 0.9 percent June increase. Transportation equipment, also up two consecutive months, led the increase, $1.9 billion or 2.5 percent to $80.3 billion.

Unfilled orders for manufactured durable goods in July, up two consecutive months, increased $2.3 billion or 0.2 percent to $1197.5 billion. This followed a virtually unchanged June increase. Transportation equipment, also up two consecutive months, drove the increase, $2.9 billion or 0.4 percent to $802.6 billion.

Inventories of manufactured durable goods in July, down two of the last three months, decreased $0.1 billion or virtually unchanged to $402.1 billion. This followed a 0.4 percent June increase. Primary metals, down six consecutive months, drove the decrease, $0.2 billion or 0.5 percent to $37.1 billion.

Nondefense new orders for capital goods in July increased $0.9 billion or 1.1 percent to $82.3 billion. Shipments increased $0.1 billion or 0.1 percent to $79.3 billion. Unfilled orders increased $3.1 billion or 0.4 percent to $762.2 billion. Inventories increased $0.2 billion or 0.1 percent to $177.3 billion. 

Defense new orders for capital goods in July increased $2.0 billion or 22.3 percent to $11.0 billion. Shipments increased $0.2 billion or 1.5 percent to $10.6 billion. Unfilled orders increased $0.5 billion or 0.3 percent to $149.8 billion. Inventories increased $0.2 billion or 1.0 percent to $23.0 billion.

Durable Goods Beat Forecasts in July


US Census Bureau | Joana Taborda | joana.taborda@tradingeconomics.com
8/26/2015 1:50:03 PM