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Market Update : 
Durable Goods Orders Rise 0.8% in June
Author: 123jump.com Staff
123jump.com
Last Update: 8:52 AM ET July 25 2008



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New orders for manufactured durable goods in June increased $1.6 billion or 0.8% to $215.4 billion, the U.S. Census Bureau announced today. This was the second consecutive monthly increase and followed a 0.1% May increase. Excluding transportation, new orders increased 2%. Excluding defense, new orders increased 0.1%.

 
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 June increased $1.6 billion or 0.8 percent to $215.4 billion, the U.S. Census Bureau announced today. This was the second consecutive monthly increase and followed a 0.1 percent May increase. Excluding transportation, new orders increased 2.0 percent. Excluding defense, new orders increased 0.1 percent.

Shipments

Shipments of manufactured durable goods in June, up two of the last three months, increased $1.1 billion or 0.5 percent to $212.2 billion. This followed a 1.2 percent May decrease.

Unfilled Orders

Unfilled orders for manufactured durable goods in June, up twenty-eight of the last twenty-nine months, increased $7.2 billion or 0.9 percent to $817.6 billion. This was at the highest level since the series was first stated on a NAICS basis in 1992 and followed a 0.9 percent May increase.

Inventories

Inventories of manufactured durable goods in June, up eleven of the last twelve months, increased $1.8 billion or 0.5 percent to $332.2 billion. This was also at the highest level since the series was first stated on a NAICS basis in 1992 and followed a 0.5 percent May increase.

Capital Goods Industries

Nondefense

Nondefense new orders for capital goods in June decreased $2.3 billion or 3.2 percent to $71.4 billion.

Defense

Defense new orders for capital goods in June increased $1.5 billion or 15.8 percent to $11.3 billion.


Available at:

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