New orders for manufactured durable goods in July increased $55.3 billion, or 22.6%, to $300.1 billion, the U.S. Census Bureau announced. This increase, up five of the last six months, was at the highest level since the series was first published on a NAICS basis in 1992, and followed a 2.7% June increase. Excluding transportation, new orders decreased 0.8%.

Transportation equipment, also up five of the last six months, drove the increase $56.6 billion, or 74.2%, to $133.0 billion.

Unfilled orders for manufactured durable goods in July, up fifteen of the last sixteen months, increased $59.2 billion, or 5.4%, to $1,158.5 billion. This was at the highest level since the series was first published on a NAICS basis and followed a 1.0% June increase.

Transportation equipment, up ten of the last eleven months, led the increase $56.7 billion, or 8.3%, to $738.4 billion.

Inventories of manufactured durable goods in July, up fifteen of the last sixteen months, increased $2.1 billion, or 0.5%, to $401.9 billion. This was at the highest level since the series was first published on a NAICS basis and followed a 0.5% June increase.

Transportation equipment, also up fifteen of the last sixteen months, led the increase $0.7 billion, or 0.5%, to $129.6 billion.

To view the full Census Bureau report, click here.