New orders for manufactured goods rose 0.2% to $453.1 billion in August, according to the U.S. Census Bureau. The August reading followed a 1.4% increase in July.
New orders for manufactured durable goods increased 0.1% to $227.3 billion, after remaining unchanged in July. Orders for transportation equipment drove the increase, rising 0.7% to $78.2 billion.
Shipments of manufactured durable goods, down following two consecutive increases, fell 0.2% to $232.2 billion. Transportation drove the decrease, falling 0.9% to $80.1 billion.
Inventories of manufactured durable goods increased for the second consecutive month, rising 0.2% to $383.8 billion. Machinery led the increase, rising 0.5% to $65.7 billion.
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