(11-27-19)
The U.S. Census Bureau announces the October advance report on manufacturers’ shipments, inventories and orders: New Orders – New orders for manufactured durable goods in October increased $1.5 billion or 0.6 percent to $248.7 billion, the U.S. Census Bureau announced today. This increase, up four of the last five months, followed a 1.4 percent September decrease. Excluding transportation, new orders increased 0.6 percent. Excluding defense, new orders increased 0.1 percent. Fabricated metal products, up two of the last three months, led the increase, $0.6 billion or 1.8 percent to $34.1 billion. Shipments – Shipments of manufactured durable goods in October, up following three consecutive monthly decreases, increased less than $0.1 billion or virtually unchanged to $251.6 billion. This followed a 0.7 percent September decrease. Machinery, up two of the last three months, drove the increase, $0.3 billion or 1.0 percent to $33.1 billion. Unfilled Orders – Unfilled orders for manufactured durable goods in October, up three of the last four months, increased $1.4 billion or 0.1 percent to $1,164.8 billion. This followed a virtually unchanged September decrease. Transportation equipment, up four consecutive months, led the increase, $0.9 billion or 0.1 percent to $795.5 billion. Inventories – Inventories of manufactured durable goods in October, up fifteen of the last sixteen months, increased $1.4 billion or 0.3 percent to $432.0 billion. This followed a 0.5 percent September increase. Transportation equipment, also up fifteen of the last sixteen months, drove the increase, $1.8 billion or 1.3 percent to $147.4 billion. Capital Goods – Nondefense new orders for capital goods in October increased $2.2 billion or 3.2 percent to $73.3 billion. Shipments increased $1.0 billion or 1.4 percent to $75.1 billion. Unfilled orders decreased $1.8 billion or 0.3 percent to $688.2 billion. Inventories increased $1.4 billion or 0.7 percent to $195.8 billion. Defense new orders for capital goods in October increased $2.3 billion or 16.6 percent to $16.2 billion. Shipments increased $0.2 billion or 1.2 percent to $13.0 billion. Unfilled orders increased $3.2 billion or 2.0 percent to $161.4 billion. Inventories increased $0.4 billion or 1.5 percent to $24.3 billion. Revised September Data – Revised seasonally adjusted September figures for all manufacturing industries were: new orders, $496.3 billion (revised from $496.7 billion); shipments, $500.6 billion (revised from $501.1 billion); unfilled orders, $1,163.5 billion (revised from $1,163.3 billion) and total inventories, $698.1 billion (revised from $697.9 billion).