(04-24-20) Statement Regarding COVID-19 Impact: Due to recent events surrounding COVID-19, many businesses are operating on a limited capacity or have ceased operations completely. The Census Bureau has monitored response and data quality and determined estimates in this release meet publication standards. The U.S. Census Bureau announces the March advance report on durable goods manufacturers’ shipments, inventories and orders: New Orders – New orders for manufactured durable goods in March decreased $36.0 billion or 14.4 percent to $213.2 billion, the U.S. Census Bureau announced today. This decrease, down following three consecutive monthly increases, followed a 1.1 percent February increase. Excluding transportation, new orders decreased 0.2 percent. Excluding defense, new orders decreased 15.8 percent. Transportation equipment, down two of the last three months, led the decrease, $35.6 billion or 41.0 percent to $51.2 billion. Shipments – Shipments of manufactured durable goods in March, down eight of the last nine months, decreased $11.4 billion or 4.5 percent to $240.7 billion. This followed a 0.8 percent February increase. Transportation equipment, also down eight of the last nine months, led the decrease, $10.9 billion or 12.8 percent to $74.1 billion. Unfilled Orders – Unfilled orders for manufactured durable goods in March, down following three consecutive monthly increases, decreased $23.4 billion or 2.0 percent to $1,135.2 billion. This followed a 0.1 percent February increase. Transportation equipment, also down following three consecutive monthly increases, led the decrease, $22.9 billion or 2.9 percent to $768.3 billion. Inventories – Inventories of manufactured durable goods in March, up eighteen of the last nineteen months, increased $2.7 billion or 0.6 percent to $437.4 billion. This followed a virtually unchanged February increase. Transportation equipment, up twenty of the last twenty-one months, led the increase, $0.9 billion or 0.6 percent to $152.6 billion. Capital Goods – Nondefense new orders for capital goods in March decreased $24.5 billion or 33.4 percent to $48.7 billion. Shipments increased $1.4 billion or 1.9 percent to $75.7 billion. Unfilled orders decreased $26.9 billion or 4.0 percent to $643.2 billion. Inventories increased $2.1 billion or 1.0 percent to $200.4 billion. Defense new orders for capital goods in March increased $0.7 billion or 4.3 percent to $16.4 billion. Shipments decreased $0.3 billion or 2.0 percent to $12.8 billion. Unfilled orders increased $3.5 billion or 2.1 percent to $169.6 billion. Inventories decreased $0.3 billion or 1.2 percent to $23.8 billion. Revised February Data – Revised seasonally adjusted February figures for all manufacturing industries were: new orders, $497.1 billion (revised from $497.4 billion); shipments, $500.1 billion (revised from $500.3 billion); unfilled orders, $1,158.5 billion (revised from $1,158.6 billion) and total inventories, $699.6 billion (revised from $699.4 billion).
Durable Goods – Shipments and New Orders – (04-24-20)
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