Wednesday, November 26, 2014

New Orders for Durable Manufactured Goods on the Rise

New orders for durable manufactured goods rose 0.4% to $243.8 billion in October, following two consecutive monthly decreases, according to the U.S. Census Bureau. New orders have increased 7.5% since October 2013. However, new orders excluding transportation decreased 0.9% this month.

Shipments of manufactured durable goods increased 0.1% this month, and 5.2% year-over-year. October’s increase was driven by a 3.4% increase in transportation.

Inventories of manufactured durable goods in October, up eighteen of the last nineteen months, increased 0.5% to $406.8 billion – reaching the highest level since the series was first published on a NAICS basis.

Read the U.S. Census Bureau release.

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