(07-27-20)
The U.S. Census Bureau announces the June advance report on durable goods manufacturers’ shipments, inventories and orders: New Orders – New orders for manufactured durable goods in June increased $14.0 billion or 7.3 percent to $206.9 billion, the U.S. Census Bureau announced today. This increase, up two consecutive months, followed a 15.1 percent May increase. Excluding transportation, new orders increased 3.3 percent. Excluding defense, new orders increased 9.2 percent. Transportation equipment, also up two consecutive months, led the increase, $9.2 billion or 20.0 percent to $55.3 billion. Shipments – Shipments of manufactured durable goods in June, up two consecutive months, increased $29.4 billion or 14.9 percent to $227.1 billion. This followed a 4.2 percent May increase. Transportation equipment, also up two consecutive months, led the increase, $24.2 billion or 51.9 percent to $70.9 billion. Unfilled Orders – Unfilled orders for manufactured durable goods in June, down three of the last four months, decreased $15.4 billion or 1.4 percent to $1,092.4 billion. This followed a virtually unchanged May increase. Transportation equipment, down four consecutive months, drove the decrease, $15.6 billion or 2.1 percent to $743.5 billion. Inventories – Inventories of manufactured durable goods in June, up four consecutive months, increased $0.4 billion or 0.1 percent to $425.3 billion. This followed a virtually unchanged May increase. Transportation equipment, up twenty-three of the last twenty-four months, drove the increase, $2.2 billion or 1.5 percent to $146.5 billion. Capital Goods – Nondefense new orders for capital goods in June decreased $10.3 billion or 16.4 percent to $52.2 billion. Shipments increased $2.8 billion or 4.4 percent to $66.1 billion. Unfilled orders decreased $13.9 billion or 2.2 percent to $610.0 billion. Inventories increased $1.4 billion or 0.7 percent to $193.0 billion. Defense new orders for capital goods in June decreased $2.2 billion or 16.8 percent to $10.8 billion. Shipments decreased $0.1 billion or 0.8 percent to $12.3 billion. Unfilled orders decreased $1.5 billion or 0.8 percent to $178.2 billion. Inventories increased $0.2 billion or 1.1 percent to $21.3 billion. Revised May Data – Revised seasonally adjusted May figures for all manufacturing industries were: new orders, $411.9 billion (revised from $412.8 billion); shipments, $416.8 billion (revised from $417.0 billion); unfilled orders, $1,107.8 billion (revised from $1,108.5 billion) and total inventories, $687.1 billion (revised from $687.0 billion).
