New orders for manufactured goods fell 1.5% to $447.4 billion in June, following a 1.2% May decrease, according to the U.S. Census Bureau.
New orders for manufactured durable goods fell 3.9% to $219.8 billion, following a 2.9% May decrease. Orders for transportation equipment led the decrease, falling 10.5% to $72.1 billion.
Shipments of manufactured durable goods, up two of the last three months, increased 0.4% to $232.4 billion. Transportation equipment led the increases, rising 1.4% to $81.1 billion. Excluding transportation, shipments increased 0.5% compared to a 0.2% increase in May.
Inventories of manufactured durable goods, down eleven of the last twelve months, fell 0.3% to $381.3 billion, following a 0.4% decrease in May.
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