New orders for US manufactured durable goods rose 1.5% excluding transportation in October, to US$216.9B; orders have increased in five of last six months
November 27, 2012
– New Orders. New orders for manufactured durable goods in October increased slightly to $216.9 billion, the U.S. Census Bureau announced today. This increase, up five of the last six months, followed a 9.2 percent September increase. Excluding transportation, new orders increased 1.5 percent. Excluding defense, new orders increased 0.1 percent. Machinery, up two consecutive months, had the largest increase, $0.9 billion or 2.9 percent to $30.9 billion.
Shipments. Shipments of manufactured durable goods in October, down two of the last three months, decreased $1.2 billion or 0.6 percent to $222.2 billion. This followed a 0.5 percent September increase. Transportation equipment, also down two of the last three months, had the largest decrease, $0.8 billion or 1.3 percent to $63.5 billion. This followed a 0.7 percent September increase.
"Unfilled Orders. Unfilled orders for manufactured durable goods in October, up four of the last five months, increased $2.3 billion or 0.2 percent to $982.5 billion. This increase followed a 0.1 percent September increase. Transportation equipment, also up four of the last five months, had the largest increase, $2.9 billion or 0.5 percent to $576.6 billion.
"Inventories. Inventories of manufactured durable goods in October, up thirty-three of the last thirty-four months, increased $1.6 billion or 0.4 percent to $374.4 billion. This was at the highest level since the series was first published on a NAICS basis in 1992 and followed a 0.2 percent September increase. Transportation equipment, also up thirty-three of the last thirty-four months, had the largest increase, $1.2 billion or 1.0 percent to $113.9 billion. This was also at the highest level since the series was first published on a NAICS basis.
Capital Goods. Nondefense new orders for capital goods in October increased $0.5 billion or 0.8 percent to $71.6 billion. Shipments decreased $0.3 billion or 0.5 percent to $69.9 billion. Unfilled orders increased $1.7 billion or 0.3 percent to $583.4 billion. Inventories increased $0.6 billion or 0.4 percent to $173.4 billion. Defense new orders for capital goods in October decreased $0.6 billion or 7.1 percent to $7.8 billion. Shipments decreased $0.2 billion or 2.4 percent to $8.4 billion. Unfilled orders decreased $0.6 billion or 0.3 percent to $164.9 billion. Inventories decreased slightly or 0.2 percent to $21.0 billion.
Revised September Data. Revised seasonally adjusted September figures for all manufacturing industries were: new orders, $474.0 billion (revised from $475.4 billion); shipments, $480.6 billion (revised from $481.3 billion); unfilled orders, $980.2 billion (revised from $981.0 billion); and total inventories, $615.6 billion (revised from $615.7 billion).
Figures in text are adjusted for seasonality, but not for inflation. Figures on new and unfilled orders exclude data for semiconductor manufacturing. For data, call (301) 763-4673 or go to <http://www.census.gov/m3>.
Revised and more detailed estimates, plus nondurable goods data, will be published on December 5, 2012, at 10:00 a.m. EST. The advance report on durable goods for November is scheduled for release on December 24, 2012, at 8:30 a.m. EST. See back page for survey description. To receive the latest updates on the Nation's key economic indicators, download the America's Economy app for Apple and Android smartphones and tablets.
Manufacturers’ Shipments, Inventories, & Orders, October 2012