US Durable Goods Orders Drop for 2nd Month


New orders for US manufactured goods fell 1.2 percent in September from August of 2015, following a downwardly revised 3 percent drop in the previous period, in line with market expectations. Excluding transportation, orders decreased 0.4 percent and excluding defense, orders went down 2 percent.

Transportation equipment, also down two consecutive months, led the decrease, $2.2 billion or 2.9 percent to $75.5 billion.

Shipments of manufactured durable goods in September, up three of the last four months, increased $0.4 billion, or 0.2 percent, to $242.5 billion. This followed a 0.5 percent August decrease. Transportation equipment, also up three of the last four months, drove the increase, $0.5 billion or 0.6 percent to $81.0 billion.

Unfilled orders for manufactured durable goods in September, down two consecutive months, decreased $6.6 billion or 0.6 percent to $1,187.4 billion. This followed a 0.3 percent August decrease. Transportation equipment, also down two consecutive months, led the decrease, $5.5 billion or 0.7 percent to $794.1 billion.

Inventories of manufactured durable goods in September, down four of the last five months, decreased $1.3 billion, or 0.3 percent, to $399.4 billion. This followed a 0.2 percent August decrease.  Transportation equipment, down two of the last three months, led the decrease, $1.0 billion or 0.8 percent to $131.3 billion.

Nondefense new orders for capital goods in September decreased $5.9 billion or 7.6 percent to $72.2 billion. Shipments decreased $0.4 billion or 0.6 percent to $79.8 billion. Unfilled orders decreased $7.6 billion or 1.0 percent to $752.2 billion. Inventories increased $0.1 billion or 0.1 percent to $176.2 billion.

Defense new orders for capital goods in September increased $1.1 billion or 12.3 percent to $9.7 billion. Shipments increased $0.3 billion or 3.1 percent to $10.3 billion. Unfilled orders decreased $0.6 billion or 0.4 percent to $148.2 billion. Inventories decreased $0.8 billion or 3.5 percent to $22.8 billion. 

US Durable Goods Orders Drop for 2nd Month


US Census Bureau | Joana Taborda | joana.taborda@tradingeconomics.com
10/27/2015 12:43:59 PM