(06-25-20)
The U.S. Census Bureau announces the May advance report on durable goods manufacturers’ shipments, inventories and orders: New Orders – New orders for manufactured durable goods in May increased $26.6 billion or 15.8 percent to $194.4 billion, the U.S. Census Bureau announced today. This increase, up following two consecutive monthly decreases, followed an 18.1 percent April decrease. Excluding transportation, new orders increased 4.0 percent. Excluding defense, new orders increased 15.5 percent. Transportation equipment, also up following two consecutive monthly decreases, led the increase, $20.9 billion or 80.7 percent to $46.9 billion. Shipments – Shipments of manufactured durable goods in May, up following two consecutive monthly decreases, increased $8.4 billion or 4.4 percent to $198.5 billion. This followed an 18.6 percent April decrease. Transportation equipment, also up following two consecutive monthly decreases, led the increase, $5.0 billion or 12.1 percent to $46.5 billion. Unfilled Orders – Unfilled orders for manufactured durable goods in May, up following two consecutive monthly decreases, increased $0.8 billion or 0.1 percent to $1,108.6 billion. This followed a 1.5 percent April decrease. Transportation equipment, also up following two consecutive monthly decreases, led the increase, $0.3 billion or virtually unchanged to $760.0 billion. Inventories – Inventories of manufactured durable goods in May, up three consecutive months, increased $0.3 billion or 0.1 percent to $425.1 billion. This followed a virtually unchanged April increase. Transportation equipment, up twenty-two of the last twenty-three months, drove the increase, $1.3 billion or 0.9 percent to $144.1 billion. Capital Goods – Nondefense new orders for capital goods in May increased $13.4 billion or 27.1 percent to $62.8 billion. Shipments increased $0.3 billion or 0.4 percent to $63.5 billion. Unfilled orders decreased $0.7 billion or 0.1 percent to $624.0 billion. Inventories increased $1.1 billion or 0.6 percent to $191.2 billion. Defense new orders for capital goods in May increased $2.2 billion or 19.9 percent to $13.3 billion. Shipments decreased less than $0.1 billion or 0.1 percent to $12.4 billion. Unfilled orders increased $0.9 billion or 0.5 percent to $180.0 billion. Inventories decreased $0.1 billion or 0.4 percent to $21.0 billion. Revised April Data – Revised seasonally adjusted April figures for all manufacturing industries were: new orders, $382.5 billion (revised from $384.3 billion); shipments, $404.8 billion (revised from $406.8 billion); unfilled orders, $1,107.8 billion (revised from $1,107.6 billion) and total inventories, $685.8 billion (revised from $686.5 billion).