New orders for manufactured durable goods in October increased $1.0 billion, or 0.4%, to $243.8 billion, the U.S. Census Bureau announced. This increase, up following two consecutive monthly decreases, followed a 0.9% September decrease. Excluding transportation, new orders decreased 0.9%.

Transportation equipment, also up following two consecutive monthly decreases, drove the increase, $2.5 billion, or 3.4%, to $76.3 billion.

Unfilled orders for manufactured durable goods in October, up eighteen of the last nineteen months, increased $5.0 billion, or 0.4%, to $1,174.0 billion. This was at the highest level since the series was first published on a NAICS basis in 1992 and followed a 0.4% September increase.

Transportation equipment, up thirteen of the last fourteen months, led the increase, $3.4 billion, or 0.5%, to $746.3 billion.

Inventories of manufactured durable goods in October, up eighteen of the last nineteen months, increased $2.0 billion, or 0.5%, to $406.8 billion. This was at the highest level since the series was first published on a NAICS basis and followed a 0.5% September increase.

Transportation equipment, also up eighteen of the last nineteen months, led the increase, $0.9 billion, or 0.7%, to $131.7 billion.

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