U.S. monthly manufactured durable goods orders increased 9.9% in July from June, according to an advance report from the U.S. Census Bureau.
Released Aug. 26, the report showed that July orders increased to a total of $289.6 billion. This follows a June decrease of 6.7%.
Year-over-year, total durable goods orders were also up 9.9%.
The July increase was driven by transportation equipment — up two of the last three months — which was up 34.8% vs June. Excluding transportation, new orders decreased 0.2%. Excluding defense, July’s new orders increased 10.4% compared to June.
Capital goods orders increased 34.3% month-to-month.
Shipments of manufactured durable goods increased 1.1% in July vs June, following a 1.2% increase.
July’s unfilled orders for durable goods increased 0.2%, following a 1.4% decrease in June. This followed a 0.2% increase in May.
July’s inventories of durable goods increased 0.1%, following a 0.1% decrease in June.
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Here is how monthly new orders and shipment of different durable goods product categories fared in July, seasonally adjusted, according to Census Bureau’s advance data:
Primary Metals
- Shipments: -0.5%
- New Orders: -0.9%
Fabricated Metal Products
- Shipments: +0.1%
- New Orders: +0.2%
Machinery
- Shipments: -0.7%
- New Orders: 0.0%
Computers and Electronic Products
- Shipments: 0.0%
- New Orders: -0.7%
Electrical Equipment, Appliances and Components
- Shipments: +0.4%
- New Orders: -0.4%
Transportation Equipment
- Shipments: +3.6%
- New Orders: +34.8%
All Other Durable Goods
- Shipments: 0.0%
- New Orders: +0.1%
Capital Goods
- Shipments: +4.6%
- New Orders: +34.3%