US Durable Goods Orders Rise More than Expected


New orders for US manufactured durable goods rose 1.7 percent month-over-month in August of 2017, following a 6.8 percent slump in July and beating market expectations of a 1 percent gain. Orders for transport equipment went up 4.9 percent, with those for motor vehicles and parts rising 1.5 percent and those for nondefense aircraft and parts jumping 44.8 percent, mainly due to a rise in Boeing aircraft orders. Non-defense capital goods orders excluding aircraft, seen as a proxy for business spending plans increased 0.9 percent, following an upwardly revised 1.1 percent increase in the previous month.

Excluding defense, new orders increased 2.2 percent.

Shipments of manufactured durable goods in August, up three of the last four months, increased $0.7 billion or 0.3 percent to $237.2 billion. This followed a 0.1 percent July increase. Machinery, up nine of the last ten months, led the increase, $0.3 billion or 1.1 percent to $31.4 billion.

Unfilled orders for manufactured durable goods in August, up two of the last three months, increased $0.1 billion or virtually unchanged to $1,132.3 billion. This followed a 0.3 percent July decrease. Fabricated metal products, up seven of the last eight months, drove the increase, $0.5 billion or 0.6 percent to $79.3 billion. 

Inventories of manufactured durable goods in August, up thirteen of the last fourteen months, increased $1.4 billion or 0.3 percent to $400.5 billion. This followed a 0.4 percent July increase. Machinery, up nine of the last ten months, led the increase, $0.6 billion or 0.8 percent to $69.0 billion. 

Nondefense new orders for capital goods in August increased $3.2 billion or 4.7 percent to $71.0 billion. Shipments decreased $1.1 billion or 1.5 percent to $71.6 billion. Unfilled orders decreased $0.6 billion or 0.1 percent to $704.0 billion. Inventories increased $0.7 billion or 0.4 percent to $178.3 billion. Defense new orders for capital goods in August decreased $1.1 billion or 9.4 percent to $10.7 billion. Shipments increased $0.1 billion or 0.8 percent to $10.4 billion. Unfilled orders increased $0.3 billion or 0.2 percent to $142.6 billion. Inventories increased $0.3 billion or 1.1 percent to $23.5 billion.

US Durable Goods Orders Rise More than Expected


US Census Bureau | Joana Taborda | joana.taborda@tradingeconomics.com
9/27/2017 12:42:57 PM