Category: Durable Goods

New Durable Goods Orders Stall in July

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Durable goods orders stalled out in July, in another sign that the economy is cooling, if not already in recession. Economists polled by the Wall Street Journal had expected 1 percent growth.

New orders for manufactured durable goods in July decreased less than $0.1 billion or virtually unchanged to $273.5 billion, according to a report released by the US Census Bureau today. This decrease, down following four consecutive monthly increases, followed a 2.2 percent June increase. 

  • Excluding transportation, new orders increased 0.3 percent.
  • Excluding defense, new orders increased 1.2 percent.

Transportation equipment, down following three consecutive monthly increases, drove the decrease, $0.6 billion or 0.7 percent to $93.0 billion.

 

 

New Durable Goods Orders Point to a V-Shaped Recovery

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New orders for manufactured durable goods in October increased $3.0 billion or 1.3 percent to $240.8 billion, according to the U.S. Census Bureau. Transportation equipment, up five of the last six months, led the increase, $0.9 billion or 1.2 percent to $77.1 billion.

  • Excluding transportation, new orders increased by 1.3 percent to $163.7 billion.
  • New orders for capital goods increased by $2.2 billion or 2.7 percent to $83.2 billion.

This is the sixth consecutive monthly increase, placing new orders at only 0.3 percent below the same month a year ago. These results surpassed the consensus expectations of a 0.5 percent increase and shows that the economic recovery continues to have unexpected strength.