Wednesday, July 27, 2016

Durable Goods Orders Fall for Second Consecutive Month

New orders for manufactured durable goods fell 4.0% to $219.8 billion in June, following a 2.8% May decrease according to the U.S. Census Bureau. New transportation orders drove the decrease, falling 10.5% to $72.2 billion. Excluding transportation, new orders fell 0.5%.

New orders excluding defense fell 3.9% on the month, as orders of nondefense capital goods fell 11.3% to $64.8 billion.

Shipments of manufactured durable goods rose 0.4% to $232.5 billion, following a 0.3% decrease in May.

Inventories of manufactured durable goods fell 0.2% to $381.5 billion, following a 0.4% May decrease. Inventories have now declined for eleven of the last twelve months.

Read the Census release.
Visit Banks and the Economy.

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