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, up three consecutive months, increased $4.9 billion or 1.7 percent to $288.2 billion, the U.S. Census Bureau announced today. This followed a 1.2 percent April increase. Excluding transportation, new orders increased 0.6 percent. Excluding defense, new orders increased 3.0 percent. Transportation equipment, also up three consecutive months, led the increase, $3.9 billion or 3.9 percent to $102.6 billion. Shipments – Shipments of manufactured durable goods in May, up two of the last three months, increased $4.8 billion or 1.7 percent to $282.7 billion. This followed a 0.6 percent April decrease. Transportation equipment, also up two of the last three months, led the increase, $4.0 billion or 4.6 percent to $91.8 billion. Unfilled Orders – Unfilled orders for manufactured durable goods in May, up five of the last six months, increased $10.6 billion or 0.8 percent to $1,302.0 billion. This followed a 0.8 percent April increase. Transportation equipment, also up five of the last six months, drove the increase, $10.8 billion or 1.4 percent to $803.9 billion. Inventories – Inventories of manufactured durable goods in May, up five of the last six months, increased $1.2 billion or 0.2 percent to $522.9 billion. This followed a 1.0 percent April increase. Machinery, up thirty-one consecutive months, led the increase, $0.5 billion or 0.5 percent to $94.4 billion. Capital Goods – Nondefense new orders for capital goods in May increased $5.7 billion or 6.7 percent to $91.0 billion. Shipments increased $2.7 billion or 3.4 percent to $82.9 billion. Unfilled orders increased $8.1 billion or 1.1 percent to $748.7 billion. Inventories increased $0.1 billion or 0.1 percent to $225.5 billion. Defense new orders for capital goods in May decreased $2.7 billion or 14.7 percent to $15.9 billion. Shipments decreased $0.2 billion or 1.2 percent to $13.2 billion. Unfilled orders increased $2.7 billion or 1.3 percent to $213.6 billion. Inventories increased $0.1 billion or 0.2 percent to $24.2 billion. Revised April Data – Revised seasonally adjusted April figures for all manufacturing industries were: new orders, $576.3 billion (revised from $577.5 billion); shipments, $571.0 billion (revised from $572.3 billion); unfilled orders, $1,291.4 billion (revised from $1,291.3 billion) and total inventories, $855.5 billion (revised from $856.7 billion).
Durable Goods – Shipments and New Orders (06-27-23)
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