Durable goods orders rose 1.9% in June

0



Durable goods orders rose 1.9% in June


Washington, DC, July 27, 2022 — New orders for manufactured durable goods in June rose $5.0 billion or 1.9% to $272.6 billion, the U.S. Census Bureau reported. This increase, up for eight of the last nine months, follows a 0.8% increase in May. Excluding transport, new orders increased by 0.3%. Excluding defence, new orders increased by 0.4%. Transportation equipment, up three consecutive months, led the gain, up $4.5 billion or 5.1% to $92.7 billion.

Shipments of manufactured durable goods in June, up for thirteen of the past fourteen months, rose $0.7 billion or 0.3% to $269.6 billion. This followed a 1.5% increase in May. Computers and electronic products, up seven of the past eight months, led the gain, up $0.4 billion or 1.4% to $29.0 billion.

Unfilled orders for manufactured durable goods in June, up 22 consecutive months, rose $7.9 billion or 0.7% to $1,117.6 billion. This follows a 0.3% increase in May. Transportation equipment, up for sixteen of the past seventeen months, led the rise, rising $7.7 billion or 1.2% to $647.7 billion.

Inventories of durable goods manufactured in June, rising for 17 consecutive months, rose $1.8 billion or 0.4% to $484.8 billion. This followed a 0.6% increase in May. Machinery, up 20 consecutive months, led the gain, up $0.7 billion or 0.9% to $83.1 billion.

New orders for non-military capital goods in June rose $0.1 billion or 0.1% to $84.2 billion. Shipments fell $0.2 billion or 0.3% to $79.7 billion. Unfilled orders increased $4.5 billion or 0.7% to $628.6 billion. Inventories rose $0.9 billion or 0.4% to $211.9 billion. New orders for defense capital goods in June fell $0.4 billion or 2.7% to $13.2 billion. Shipments fell $0.2 billion or 1.6% to $13.7 billion. Unfilled orders decreased $0.5 billion or 0.3% to $185.0 billion. Inventories rose $0.3 billion or 1.3% to $22.6 billion.






Share.

About Author

Comments are closed.