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Market Update : 
Durable Goods Orders Sharply Drop 5.3%
Author: 123jump.com Staff
123jump.com
Last Update: 8:53 AM EST February 27 2008



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New orders for manufactured durable goods in January decreased $12.0 billion or 5.3% to $212.8 billion, the U.S. Census Bureau announced today. This decrease followed two consecutive monthly increases including a 4.4% December increase. Excluding transportation, new orders decreased 1.6%. Excluding defense, new orders decreased 4.7%.

 
The following is the unedited transcript of the news release from the Census Bureau of the Department of Commerce.


New Orders

New orders for manufactured durable goods in January decreased $12.0 billion or 5.3 percent to $212.8 billion, the U.S. Census Bureau announced today. This decrease followed two consecutive monthly increases including a 4.4 percent December increase. Excluding transportation, new orders decreased 1.6 percent. Excluding defense, new orders decreased 4.7 percent.

Shipments

Shipments of manufactured durable goods in January, up following two consecutive monthly decreases, increased $3.8 billion or 1.8 percent to $215.5 billion. This followed a 0.4 percent December decrease.

Unfilled Orders

Unfilled orders for manufactured durable goods in January, up thirty-two of the last thirty-three months, increased $5.2 billion or 0.6 percent to $813.2 billion. This was at the highest level since the series was first stated on a NAICS basis in 1992 and followed a 2.5 percent December increase.

Inventories

Inventories of manufactured durable goods in January, up six of the last seven months, increased $2.0 billion or 0.6 percent to $322.3 billion. This was also at the highest level since the series was first stated on a NAICS basis in 1992 and followed a 1.1 percent December increase.

Capital Goods Industries

Nondefense

Nondefense new orders for capital goods in January decreased $6.6 billion or 8.1 percent to $74.6 billion.

Defense

Defense new orders for capital goods in January decreased $2.3 billion or 19.9 percent to $9.3 billion.


Available at:

http://www.census.gov/indicator/www/m3/index.htm
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