Manufactured Goods Orders Fell in December

New orders for manufactured goods fell 2.9 percent to $456.5 billion in December, following a 0.7 percent decrease in December, according to the U.S. Census Bureau. This was the fourth decline in the last five months. Excluding transportation, new orders fell 0.8 percent to $385.3 billion.

New orders for manufactured durable goods fell 5.0 percent to $225.6 billion in December, following a 0.5 percent decrease in November. Transportation equipment led the decrease, as it fell by 12.6 percent to $71.2 billion.

Shipments of manufactured durable goods fell 2.1 percent to $236.1 billion, following a 0.6 percent increase in November. Shipments excluding transportation fell 0.4 percent, compared to a 0.6 percent decline in November. Shipments of nondurable goods fell 0.8 percent on account of weaker petroleum and coal demand.

Read the Census release.


About Author

Tim Nicholson

Tim Nicholson is an economic research associate at ABA.