US Durable Goods Orders Fall Sharply


New orders for manufactured durable goods shrank 18.2 percent in August, following a revised 22.5 percent surge in July. Excluding transportation, new orders rose 0.7 percent.

New orders decreased USD 54.5 billion to USD 245.4 billion in August. Excluding defense, new orders decreased 19.0 percent. Transportation equipment, also down following two consecutive monthly increases, drove the decrease, USD 55.6 billion or 42.0 percent to USD 76.8 billion.

Inventories of manufactured durable goods in August, up sixteen of the last seventeen months, increased $1.7 billion or 0.4 percent to $403.0 billion. Nondefense new orders for capital goods in August decreased $49.5 billion or 36.3 percent to $86.8 billion.

Shipments of manufactured durable goods in August, down following two consecutive monthly increases, decreased USD 3.7 billion or 1.5 percent to USD 246.1 billion. This followed a 3.7 percent July increase. Transportation equipment, also down following two consecutive monthly increases, drove the decrease, USD 3.9 billion or 5.1 percent to USD 72.5 billion.

Unfilled orders for manufactured durable goods in August, up sixteen of the last seventeen months, increased USD 7.4 billion or 0.6 percent to USD 1,165.0 billion. This was at the highest level since the series was first published on a NAICS basis in 1992 and followed a 5.3 percent July increase.

US Durable Goods Orders Fall Sharply


US Census Bureau |Joana Taborda | joana.taborda@tradingeconomics.com
9/25/2014 1:44:45 PM