Durable Goods Orders Fall for Second Consecutive Month

New orders for manufactured durable goods fell 4.0 percent to $219.8 billion in June, following a 2.8 percent May decrease according to the U.S. Census Bureau. New transportation orders drove the decrease, falling 10.5 percent to $72.2 billion. Excluding transportation, new orders fell 0.5 percent.

New orders excluding defense fell 3.9 percent on the month, as orders of nondefense capital goods fell 11.3 percent to $64.8 billion.

Shipments of manufactured durable goods rose 0.4 percent to $232.5 billion, following a 0.3 percent decrease in May.

Inventories of manufactured durable goods fell 0.2 percent to $381.5 billion, following a 0.4 percent May decrease. Inventories have now declined for eleven of the last twelve months.

Read the Census release.


About Author

Tim Nicholson

Tim Nicholson is an economic research associate at ABA.