US Durable Goods Orders up 3%

New orders for US manufactured durable goods surged 3 percent in October of 2015, recovering from a downwardly revised 0.8 percent fall in September. It is the first rise in three months and well above market expectations, boosted by transport orders.
US Census Bureau | Joana Taborda | joana.taborda@tradingeconomics.com 11/25/2015 1:47:07 PM
Excluding transportation, new orders increased 0.5 percent and excluding defense, new orders jumped 3.2 percent. Transportation equipment, also up following two consecutive monthly decreases, led the increase, $6.1 billion or 8.0 percent to $82.1 billion.

Shipments of manufactured durable goods in October, down two of the last three months, decreased $2.5 billion, or 1.0 percent, to $240.1 billion. This followed a 0.2 percent September increase. Transportation equipment, also down two of the last three months, led the decrease, $2.0 billion or 2.5 percent to $78.8 billion.

Unfilled orders for manufactured durable goods in October, up following two consecutive monthly decreases, increased $3.5 billion or 0.3 percent to $1,192.0 billion. This followed a 0.5 percent September decrease. Transportation equipment, also up following two consecutive monthly decreases, led the increase, $3.3 billion or 0.4 percent to $798.2 billion.

Inventories of manufactured durable goods in October, down five of the last six months, decreased $0.7 billion, or 0.2 percent, to $397.4 billion. This followed a 0.6percent September decrease. Primary metals, down nine consecutive months, led the decrease, $0.3 billion or 0.9 percent to $35.7 billion.

Nondefense new orders for capital goods in October increased $9.7 billion or 13.2 percent to $83.2 billion. Shipments decreased $1.2 billion or 1.4 percent to $78.8 billion. Unfilled orders increased $4.4 billion or 0.6 percent to $757.8 billion. Inventories increased less than $0.1 billion or virtually unchanged to $175.6 billion.

Defense new orders for capital goods in October increased $0.1 billion or 1.0 percent to $9.6 billion. Shipments increased $0.2 billion or 1.5 percent to $10.7 billion. Unfilled orders decreased $1.1 billion or 0.7 percent to $146.8 billion. Inventories decreased $0.6 billion or 2.6 percent to $21.9 billion.

US Durable Goods Orders up 3%