Durable goods orders increased 0.3% in July

New orders for manufactured durable goods in July increased $600 million, or 0.3 percent, to $193.0 billion, the U.S. Census Bureau announced on August 25. This increase followed two consecutive monthly decreases including a 0.1 percent June decrease. Excluding transportation, new orders decreased 3.8 percent. Excluding defense, new orders increased 0.3 percent.

Transportation equipment, also up following two consecutive monthly decreases, had the largest increase, $6.1 billion (13.1 percent) to $52.6 billion. This was due to non-defense aircraft and parts, which increased $4.0 billion.

Shipments
Shipments of manufactured durable goods in July, up four of the last five months, increased $4.4 billion (2.2 percent) to $200.6 billion. This followed a 0.2 percent June increase.

Transportation equipment, also up four of the last five months, had the largest increase, $3.4 billion (6.9 percent) to $52.7 billion.

Unfilled Orders
Unfilled orders for manufactured durable goods in July, down following three consecutive monthly increases, decreased $1.1 billion (0.1 percent) to $802.8 billion. This followed a 0.1 percent June increase.

Computers and electronic products, down following four consecutive monthly increases, had the largest decrease, $500 million (0.4 percent) to $121.1 billion.

Inventories
Inventories of manufactured durable goods in July, up seven consecutive months, increased $1.8 billion (0.6 percent) to $311.2 billion. This followed a 1.3 percent June increase.

Machinery, up five consecutive months, had the largest increase, $900 million (1.9 percent) to $51.4 billion.

Capital Goods
Non-defense new orders for capital goods in July decreased $1.8 billion (2.8 percent) to $64.1 billion.

Shipments increased $900 million (1.4 percent) to $64.7 billion. Unfilled orders decreased $600 million (0.1 percent) to $487.2 billion. Inventories increased $1.0 billion (0.8 percent) to $129.8 billion.

Defense new orders for capital goods in July decreased $200 million (2.2 percent) to $9.5 billion. Shipments decreased $200 million (2.4 percent) to $9.5 billion.

Unfilled orders decreased slightly to $139.7 billion.

Inventories increased slightly (0.1 percent) to $17.9 billion.

Revised June Data
Revised seasonally adjusted June figures for all manufacturing industries were: new orders, $408.6 billion (revised from $406.4 billion); shipments, $412.4 billion (revised from $411.2 billion); unfilled orders, $803.9 billion (revised from $802.8 billion); and total inventories, $520.7 billion (revised from $520.0 billion).