Economy
Advance Report on Manufactured Durable Goods
Written by Sandy Williams
December 26, 2013
The following is a summary from the U.S. Census Bureau advanced report on durable goods for November. The revised and more detailed estimates will be released by the Bureau on January 6, 2014.
New Orders: New orders for manufactured durable goods in November increased $8.2 billion or 3.5 percent to $241.6 billion. Transportation equipment led the increase with an 8.4 percent increase to $81.2 billion, $3.9 billion of which was nondefense aircraft and parts.
Shipments: Shipments of manufactured durable goods in November, up four consecutive months, increased $4.1 billion or 1.8 percent to $238.3 billion. Machinery shipments increased by 4.5 percent to $35.6 billion.
Unfilled Orders: Unfilled orders for manufactured durable goods in November, up nine of the last ten months, increased $10.5 billion or 1.0 percent to $1,058.5 billion. Transportation equipment accounted for $654.3 billion, up 1.3 percent for the month.
Inventories: Inventories of manufactured durable goods in November, up seven of the last eight months, increased $1.2 billion or 0.3 percent to $384.7 billion. Transportation equipment also led this increase, up 0.4 percent to $120.8 billion.
Capital Goods: Nondefense new orders for capital goods in November increased $7.5 billion or 9.4 percent to $88.0 billion. Shipments increased $1.0 billion or 1.3 percent to $75.0 billion. Unfilled orders increased $13.0 billion or 2.1 percent to $636.6 billion. Inventories increased $1.0 billion or 0.5 percent to $175.1 billion.
Defense new orders for capital goods in November increased $0.5 billion or 6.3 percent to $9.2 billion. Shipments increased $0.9 billion or 9.6 percent to $10.8 billion. Unfilled orders decreased $1.6 billion or 0.9 percent to $165.3 billion. Inventories decreased $0.5 billion or 2.1 percent to $22.5 billion.
Sandy Williams
Read more from Sandy WilliamsLatest in Economy
ArcelorMittal plans wire-drawing closure in Hamilton, shifts production to Montreal
ArcelorMittal’s (AM) Hamilton location to be shuttered, wire production shifting to Montreal.
Beige Book finds growing economic, policy uncertainty
All districts reported "hesitancy and a cautious approach to business and household decisions,” according to the Beige Book.
ISM: Manufacturing continues to contract in May
May marks the third consecutive month US manufacturing activity declined, according to supply executives contributing to the Institute for Supply Management (ISM)’s latest report.
Chicago PMI decreases 4.1 points in May
The Chicago Business Barometer reports that decreases in new orders, order backlogs, and softer production pulled the index down by 4.1-points to 40.5, in May.
Architecture firms struggle through April
For the third month in a row, architecture firms reported a reduction in billings through April, according to the latest Architecture Billings Index release.