New orders for manufactured durable goods in November increased $0.2 billion or 0.1 percent to $214.7 billion, the U.S. Census Bureau announced today. This followed three consecutive monthly decreases including a 0.4 percent October decrease. Excluding transportation, new orders decreased 0.7 percent. Excluding defense, new orders increased 1.2 percent.
Transportation equipment, up two consecutive months, had the largest increase, $1.2 billion or 1.9 percent to $63.6 billion. This was due to nondefense aircraft and parts, which increased $3.1 billion.
Shipments
Shipments of manufactured durable goods in November, down three of the last four months, decreased slightly to $213.3 billion. This followed a 0.5 percent October increase.
Electrical equipment, appliances, and components, down three of the last four months, had the largest decrease, $0.1 billion or 1.1 percent to $10.8 billion.
Unfilled Orders
Unfilled orders for manufactured durable goods in November, up thirty of the last thirty-one months, increased $7.9 billion or 1.0 percent to $787.5 billion. This was at the highest level since the series was first stated on a NAICS basis in 1992 and followed a 1.0
percent October increase. Transportation equipment, up twenty-two consecutive months, had the largest increase, $6.8 billion or 1.5 percent to $458.6 billion.
Inventories
Inventories of manufactured durable goods in November, up four of the last five months, increased $2.4 billion or 0.8 percent to $317.2 billion. This was also at the highest level since the series was first stated on a NAICS basis in 1992 and followed a 0.4 percent October increase. Transportation equipment, up ten of the last eleven months, had the largest increase, $1.4 billion or 1.7 percent to $79.7 billion.
Capital Goods
Nondefense new orders for capital goods in November increased $2.8 billion or 3.8 percent to $75.9 billion. Shipments decreased $0.2 billion or 0.4 percent to $67.4
billion. Unfilled orders increased $8.4 billion or 1.9 percent to $448.3 billion. Inventories increased $1.6 billion or 1.3 percent to $125.6 billion. Defense new orders for capital goods in November decreased $2.1 billion or 24.3 percent to $6.5 billion.
Shipments increased $0.3 billion or 4.3 percent to $8.4 billion. Unfilled orders decreased $1.9 billion or 1.3 percent to $144.9 billion. Inventories increased $0.2 billion or 1.1percent to $17.7 billion.
Revised October Data
Revised seasonally adjusted October figures for all manufacturing industries were: new orders, $423.2 billion (revised from $423.5 billion); shipments, $421.9 billion (revised from $422.3 billion); unfilled orders, $779.6 billion (revised from $779.5 billion); and total inventories, $520.2 billion (revised from $520.0 billion).
