Economic Buzz: US durable goods orders down 9.3% in June

New orders for manufactured durable goods in June, down two of the last three months, decreased $32.1 billion or 9.3% to $311.8 billion, the U.S. Census Bureau announced. This followed a 16.5% May increase.

Excluding transportation, new orders increased 0.2%. Excluding defense, new orders decreased 9.4%. Transportation equipment, also down two of the last three months, drove the decrease, $32.6 billion or 22.4% to $113.0 billion.

Shipments of manufactured durable goods in June, up seven consecutive months, increased $1.4 billion or 0.5% to $302.5 billion. This followed a 0.2% May increase. Transportation equipment, up six of the last seven months, led the increase, $0.8 billion or 0.8% to $98.9 billion.

Unfilled orders for manufactured durable goods in June, up eleven of the last twelve months, increased $14.4 billion or 1.0% to $1,470.0 billion. This followed a 3.4% May increase. Transportation equipment, up four consecutive months, led the increase, $14.1 billion or 1.6% to $911.9 billion.

Inventories of manufactured durable goods in June, up nine consecutive months, increased $0.9 billion or 0.2% to $588.6 billion. This followed a 0.2% May increase. Machinery, up four consecutive months, led the increase, $0.4 billion or 0.4% to $102.2 billion.

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