(08-26-20)
The U.S. Census Bureau announces the July advance report on durable goods manufacturers’ shipments, inventories and orders: New Orders – New orders for manufactured durable goods in July increased $23.2 billion or 11.2 percent to $230.7 billion, the U.S. Census Bureau announced today. This increase, up three consecutive months, followed a 7.7 percent June increase. Excluding transportation, new orders increased 2.4 percent. Excluding defense, new orders increased 9.9 percent. Transportation equipment, also up three consecutive months, led the increase, $19.6 billion or 35.6 percent to $74.7 billion. Shipments – Shipments of manufactured durable goods in July, up three consecutive months, increased $16.6 billion or 7.3 percent to $244.0 billion. This followed a 15.2 percent June increase. Transportation equipment, also up three consecutive months, led the increase, $12.6 billion or 17.8 percent to $83.2 billion. Unfilled Orders – Unfilled orders for manufactured durable goods in July, down four of the last five months, decreased $8.2 billion or 0.8 percent to $1,084.4 billion. This followed a 1.4 percent June decrease. Transportation equipment, down five consecutive months, drove the decrease, $8.4 billion or 1.1 percent to $735.2 billion. Inventories – Inventories of manufactured durable goods in July, down two consecutive months, decreased $1.9 billion or 0.5 percent to $422.6 billion. This followed a 0.1 percent June decrease. Machinery, down six of the last seven months, led the decrease, $0.7 billion or 1.0 percent to $69.7 billion. Capital Goods – Nondefense new orders for capital goods in July increased $5.4 billion or 10.2 percent to $58.0 billion. Shipments increased $1.3 billion or 2.0 percent to $67.6 billion. Unfilled orders decreased $9.5 billion or 1.6 percent to $600.8 billion. Inventories increased $0.6 billion or 0.3 percent to $193.3 billion. Defense new orders for capital goods in July increased $3.2 billion or 30.0 percent to $14.0 billion. Shipments increased $0.1 billion or 1.2 percent to $12.3 billion. Unfilled orders increased $1.7 billion or 1.0 percent to $180.0 billion. Inventories increased less than $0.1 billion or 0.1 percent to $21.2 billion. Revised June Data – Revised seasonally adjusted June figures for all manufacturing industries were: new orders, $438.1 billion (revised from $437.2 billion); shipments, $458.1 billion (revised from $457.3 billion); unfilled orders, $1,092.7 billion (revised from $1,092.5 billion) and total inventories, $690.4 billion (revised from $690.9 billion).