New orders for manufactured goods decreased 3.3% to $466.4 billion in July, according to the U.S. Census Bureau. It followed a 3.2% increase in June which was the largest gain in eight months. July’s dip was the biggest drop since August 2014.
New orders for manufactured durable goods fell 6.8% to $228.9 billion in July. Orders for transportation equipment drove the decline, falling 19.2% to $74.1 billion. The slump was reflected by a 70.8% slide in civilian aircraft orders.
Shipments of manufactured durable goods marginally increased, growing 0.2% to $236.9 billion.
Inventories of manufactured durable goods, up twelve of the last thirteen months, increased 0.3% to $398.7 billion.
Read the Census release.