The U.S. Census Bureau announced the November advance report on manufacturers’ shipments, inventories and orders:
New Orders
New orders for manufactured durable goods in November increased $3.1 billion, or 1.3%, to $241.4 billion. This increase, up three of the last four months, followed a 0.4% October decrease. Excluding transportation, new orders decreased 0.1%. Excluding defense, new orders increased 1.0%. Transportation equipment, also up three of the last four months, drove the increase, $3.3 billion, or 4.2%, to $80.9 billion.
Shipments
Shipments of manufactured durable goods in November, up six of the last seven months, increased $2.4 billion, or 1.0%, to $244.5 billion. This followed a 0.5% October increase. Transportation equipment, up two of the last three months, led the increase, $2.1 billion, or 2.6%, to $81.3 billion.
Unfilled Orders
Unfilled orders for manufactured durable goods in November, up three consecutive months, increased $1.1 billion, or 0.1%, to $1,137.0 billion. This followed a virtually unchanged October increase. Fabricated metal products, up 10 of the last 11 months, led the increase, $0.5 billion, or 0.6%, to $81.3 billion.
Inventories
Inventories of manufactured durable goods in November, up 16 of the last 17 months, increased $0.9 billion, or 0.2%, to $405.2 billion. This followed a 0.2% October increase. Machinery, up nine of the last 10 months, led the increase, $0.3 billion, or 0.4%, to $69.9 billion.
Capital Goods
Nondefense new orders for capital goods in November increased $1.9 billion, or 2.6%, to $75.4 billion. Shipments increased $1.5 billion, or 2.1%, to $74.6 billion. Unfilled orders increased $0.8 billion, or 0.1%, to $706.6 billion. Inventories increased $0.7 billion, or 0.4%, to $180.6 billion. Defense new orders for capital goods in November increased $0.5 billion, or 4.8%, to $10.6 billion. Shipments increased $0.2 billion, or 1.4%, to $11.1 billion. Unfilled orders decreased $0.5 billion, or 0.4%, $141.9 billion. Inventories decreased $0.4 billion, or 1.5%, to $23.1 billion.
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