The U.S. Census Bureau released the June advance report on manufacturers’ shipments, inventories and orders. According to the report, new orders for manufactured durable goods in June increased 2%.

New orders increased by $4.9 billion to $246.0 billion. This increase, up following two consecutive monthly decreases, followed a 2.3% May decrease. Excluding transportation, new orders increased 1.2%. Excluding defense, new orders increased 3.1%. Transportation equipment, also up following two consecutive monthly decreases, led the increase, $3.0 billion or 3.8% to $80.5 billion.

Shipments of manufactured durable goods in June increased $3.5 billion or 1.4% to $258.2 billion. This followed a 0.5% May increase. Transportation equipment, also up two consecutive months, led the increase, $2.6 billion or 3.1% to $88.8 billion.

Unfilled orders for manufactured durable goods in June, down four of the last five months, decreased $7.8 billion or 0.7% to $1,160.4 billion. This followed a 0.8% May decrease. Transportation equipment, also down four of the last five months, drove the decrease, $8.3 billion or 1.0% to $792.6 billion.

Inventories of manufactured durable goods in June, up eleven of the last twelve months, increased $1.3 billion or 0.3% to $425.8 billion. This followed a 0.5% May increase. Transportation equipment, also up eleven of the last twelve months, led the increase, $1.1 billion or 0.8% to $139.6 billion.

Nondefense new orders for capital goods in June increased $3.3 billion or 4.8% to $72.1 billion. Shipments increased $1.1 billion or 1.5% to $77.3 billion. Unfilled orders decreased $5.1 billion or 0.7% to $691.6 billion. Inventories increased $1.2 billion or 0.6% to $189.2 billion. Defense new orders for capital goods in June decreased $2.1 billion or 16.3% to $10.8 billion. Shipments decreased less than $0.1 billion or 0.3% to $13.0 billion. Unfilled orders decreased $2.2 billion or 1.4% to $157.1 billion. Inventories increased $0.3 billion or 1.3% to $23.8 billion.