New Orders For Durable Goods In July Up 4%
The report for durable goods for July was released from the U.S. Census Bureau showing mixed but overall positive results.
New Orders for durable goods in July increased 4% to $201.5 billion. Transportation equipment reported the largest increase of 14.6% to $53.0 billion, mainly due to increases in nondefense aircraft and parts.
Shipments of durable goods in July, has increased again, up 2.5% to $202.2 billion. Again, transportation equipment had the largest increase of 8% to $49.8 billion.
Unfilled Orders for durable goods has been up fifteen of the last sixteen months, increasing again by 0.7% to $869.5 billion. Transportation equipment had a 0.7% increase, the largest for the month.
Inventories of durable goods are up again for the nineteenth month, increasing 0.8% to $361.0 billion. This was at the highest level since 1992. Transportation equipment had the largest increase of 1.5% to $110.8 billion.
Capital Goods nondefense new orders in July increased 2.4% to $72.7 billion. Shipments, unfilled orders, and inventories increased 1.2%, 0.7%, and 0.8% respectively. Defense new orders for capital goods decreased 7.8% in July to $8.0 billion. Shipments decreased 5.2% while unfilled orders and inventories increased.
Source: U.S. Census Bureau