New Orders – New orders for manufactured durable goods in February, down three of the last four months, decreased $2.6 billion or 1.0 percent to $268.4 billion, the U.S. Census Bureau announced today. This followed a 5.0 percent January decrease. Excluding transportation, new orders were virtually unchanged. Excluding defense, new orders decreased 0.5 percent. Transportation equipment, also down three of the last four months, drove the decrease, $2.6 billion or 2.8 percent to $89.4 billion. Shipments – Shipments of manufactured durable goods in February, down two consecutive months, decreased $1.5 billion or 0.6 percent to $274.8 billion. This followed a 0.4 percent January decrease. Transportation equipment, also down two consecutive months, led the decrease, $1.3 billion or 1.4 percent to $90.1 billion. Unfilled Orders – Unfilled orders for manufactured durable goods in February, down two consecutive months, decreased $1.2 billion or 0.1 percent to $1,155.4 billion. This followed a virtually unchanged January decrease. Transportation equipment, down following twenty-one consecutive monthly increases, led the decrease, $0.7 billion or 0.1 percent to $683.8 billion. Inventories – Inventories of manufactured durable goods in February, up twenty-four of the last twenty-five months, increased $0.9 billion or 0.2 percent to $493.6 billion. This followed a 0.2 percent January decrease. Transportation equipment, up three of the last four months, led the increase, $0.6 billion or 0.4 percent to $158.8 billion. Capital Goods – Nondefense new orders for capital goods in February decreased $1.0 billion or 1.2 percent to $82.0 billion. Shipments decreased $0.5 billion or 0.6 percent to $83.2 billion. Unfilled orders decreased $1.2 billion or 0.2 percent to $662.6 billion. Inventories increased $0.5 billion or 0.2 percent to $218.8 billion. Defense new orders for capital goods in February decreased $1.2 billion or 7.4 percent to $14.5 billion. Shipments decreased $0.2 billion or 1.6 percent to $14.6 billion. Unfilled orders decreased $0.2 billion or 0.1 percent to $188.9 billion. Inventories increased $0.1 billion or 0.3 percent to $23.3 billion. Revised January Data – Revised seasonally adjusted January figures for all manufacturing industries were: new orders, $540.2 billion (revised from $542.8 billion); shipments, $545.6 billion (revised from $547.8 billion); unfilled orders, $1,156.6 billion (revised from $1,157.0 billion) and total inventories, $806.9 billion (revised from $808.3 billion).
Durable Goods – Shipments and New Orders (03-25-23)
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