New orders for manufactured durable goods in September decreased $0.3 billion to $227.93 billion, according to the latest report from the U.S. Census Bureau.
The decrease comes after two consecutive monthly increases, including a 0.3% jump in August. Excluding transportation, new orders decreased 0.2%. Excluding defense, new orders increased 0.7%.
Transportation equipment, also down following two consecutive monthly increases, drove the decrease, $0.6 billion, or 0.8%, to $77.5 billion.
On the flip side, shipments of manufactured durable goods increased in September, continuing a trend as similar readings have been reported in three of the last four months. The $2.0 billion, or 0.8%, jump to $234.5 billion came on the heels of a virtually unchanged August decrease.
Unfilled orders for manufactured durable goods in September, down four consecutive months, decreased $3.9 billion, or 0.4%, to $1.12 billion. This followed a 0.1% August decrease.
Inventories of manufactured durable goods in September, up three consecutive months, increased $0.5 billion, or 0.1%, to $384 billion. This followed a 0.1% August increase.
Non-defense new orders for capital goods in September increased $1.0 billion or 1.5% to $68.2 billion. Shipments increased $1.5 billion, or 2.2%, to $71.8 billion. Unfilled orders decreased $3.6 billion, or 0.5%, to $692.8 billion. Inventories increased $0.5 billion, or 0.3%, to $170.4 billion.
Defense new orders for capital goods in September decreased $0.9 billion, or 7.7%, to $11.3 billion. Shipments increased $0.1 billion, or 0.8%, to $10.3 billion. Unfilled orders increased $0.9 billion, or 0.6%, to $138.5 billion. Inventories decreased $0.1 billion, or 0.2%, to $20.8 billion.
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