US Durable Goods Orders Drop 2% in August


New orders for US manufactured goods fell 2 percent in August from July, following a downwardly revised 1.9 percent increase in the previous period, in line with market expectations. Excluding transportation, orders were flat and excluding defense, orders went down 1 percent.

Excluding transportation, new orders decreased less than $0.1 billion, or virtually unchanged. Excluding defense, new orders decreased $2.2 billion or 1.0 percent. Transportation equipment, also down following two consecutive monthly increases, led the decrease, $4.8 billion or 5.8 percent to $78.7 billion.

Shipments of manufactured durable goods in August, down following two consecutive monthly increases, decreased less than $0.1 billion, or virtually unchanged, to $243.2 billion. This followed a 1.0 percent July increase. Primary metals, down ten of the last eleven months, drove the decrease, $0.2 billion or 1.0 percent to $20.5 billion.

Unfilled orders for manufactured durable goods in August, down following two consecutive monthly increases, decreased $2.2 billion or 0.2 percent to $1,195.3 billion. This followed a 0.2 percent July increase. Transportation equipment, also down following two consecutive monthly increases, led the decrease, $2.1 billion or 0.3 percent to $800.3 billion.

Inventories of manufactured durable goods in August, up two of the last three months, increased $0.1 billion, or virtually unchanged, to $401.4 billion. This followed a 0.2 percent July decrease. Transportation equipment, up four of the last five months, drove the increase, $0.9 billion or 0.7 percent to $132.5 billion.

Nondefense new orders for capital goods in August decreased $1.6 billion or 2.0 percent to $80.4 billion. Shipments increased $1.4 billion or 1.8 percent to $80.8 billion. Unfilled orders decreased $0.3 billion, or virtually unchanged, to $761.6 billion. Inventories decreased $0.4 billion or 0.2 percent to $176.5 billion.

Defense new orders for capital goods in August decreased $2.7 billion or 24.3 percent to $8.6 billion. Shipments decreased $0.5 billion or 4.6 percent to $10.0 billion. Unfilled orders decreased $1.4 billion or 1.0 percent to $148.8 billion. Inventories increased $0.7 billion or 3.1 percent to $23.7 billion.

US Durable Goods Orders Drop 2% in August


US Census Bureau | Joana Taborda | joana.taborda@tradingeconomics.com
9/24/2015 1:48:36 PM