Tuesday, January 27, 2015

New Orders for Durable Goods Continued Decline in December

New orders for durable manufactured goods decreased 3.4% to $230.5 billion in December, according to the U.S. Census Bureau. The decline, down four of the last five months, followed a 2.1% decrease in November. New orders excluding transportation decreased 0.8%; excluding defense, new orders decreased 3.2%.

Shipments of manufactured durable goods increased 1.1% this month, following two consecutive monthly decreases. December’s increase was driven by a 3.1% increase in transportation.

Inventories of manufactured durable goods, up twenty of the last twenty-one months, increased 0.5% to $410.8 billion – remaining at an all-time high.

Read the U.S. Census Bureau release.

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