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
New York state manufacturing activity strengthens in September
New York state saw a recovery in manufacturing activity in September, according to the latest Empire State Manufacturing Survey from the Federal Reserve Bank of New York.
US construction spending slips in July
Construction spending in the US in July was slightly lower than June. Despite the decline, it increased notably year on year (y/y).
Beige Book: Economic growth hit by tighter consumer spending
Growth in the US economy continues to struggle in most districts. The Federal Reserve’s Beige Book report for August shows two-thirds of reporting districts flat or declining economic activity.
Steel Summit 2024: Dr. Basu predicts near-term weakness in US economy
“The US economy, despite some near-term weakness I suggest in early 2025, is going to be strong," Dr. Anirban Basu said this week.
Chicago Business Barometer ticked up in August, remains low
The Chicago Business Barometer edged up in August but remains in contraction territory, according to the latest release from Market News International (MNI) and the Institute for Supply Management (ISM).