Durable Goods Orders Down 0.7% in November


New orders for manufactured durable goods unexpectedly decreased 0.7 percent in November, following a 0.3 percent increase in November. It was a third decline in the last four months led by 1.2 percent drop in transportation equipment.

Excluding transportation, new orders decreased 0.4 percent. Excluding defense, new orders decreased 0.1 percent.

Shipments of manufactured durable goods in November, down three of the last four months, decreased $0.9 billion or 0.4 percent to $245.3 billion. This followed a 0.1 percent October decrease. Transportation equipment, down following two consecutive monthly increases, led the decrease, $0.7 billion or 1.0 percent to $72.2 billion.

Unfilled orders for manufactured durable goods in November, up nineteen of the last twenty months, increased $4.4 billion or 0.4 percent to $1,178.9 billion. This was at the highest level since the series was first published on a NAICS basis in 1992 and followed a 0.5 percent October increase. Transportation equipment, up fourteen of the last fifteen months, led the increase, $3.3 billion or 0.4 percent to $749.9 billion.

Inventories of manufactured durable goods in November, up nineteen of the last twenty months, increased $1.7 billion or 0.4 percent to $408.2 billion. This was at the highest level since the series was first published on a NAICS basis and followed a 0.4 percent October increase. Transportation equipment, also up nineteen of the last twenty months, led the increase, $1.2 billion or 0.9 percent to $133.2 billion.


Nondefense new orders for capital goods in November increased $0.4 billion or 0.5 percent to $82.8 billion. Shipments decreased $0.5 billion or 0.6 percent to $79.3 billion. Unfilled orders increased $3.5 billion or 0.5 percent to $739.2 billion. Inventories increased $0.9 billion or 0.5 percent to $186.5 billion.

Defense new orders for capital goods in November decreased $0.8 billion or 8.1 percent to $9.5 billion. Shipments increased $0.1 billion or 1.1 percent to $9.9 billion. Unfilled orders decreased $0.4 billion or 0.2 percent to $158.0 billion. Inventories increased $0.2 billion or 0.9 percent to $24.1 billion.


Durable Goods Orders Down 0.7% in November


US Census Bureau | anna@tradingeconomics.com
12/23/2014 2:29:34 PM