New orders for manufactured durable goods increased $3.6 billion

Source: U.S. Census Bureau

Jul 06, 2011

New orders for manufactured durable goods in May increased $3.6 billion or 1.9% to $195.6 billion, the U.S. Census Bureau announced today. This increase, up two of the last three months, followed a 2.7% April decrease. Excluding transportation, new orders increased 0.6%. Excluding defense, new orders increased 1.9%.

Machinery, up sixteen consecutive months, had the largest increase, $3.5 billion or 3.4% to $108.7 billion. This was at the highest level since the series was first published on a NAICS basis in 1992 and followed a 3.7% April increase.

Inventories of manufactured durable goods in May, up seventeen consecutive months, increased $4.1 billion or 1.2% to $355.4 billion. This was at the highest level since the series was first published on a NAICS basis in 1992 and followed a 1.2% April increase. Transportation equipment, also up seventeen consecutive months, had the largest increase, $1.7 billion or 1.6% to $107.8 billion. This was also at the highest level since the series was first published on a NAICS basis in 1992 and followed a 0.9% April increase.

Learn more about the report on durable goods manufacturers’ shipments, inventories and orders.