Manufactured Goods Orders Grew 1.2% in August

New orders for manufactured goods increased 1.2% to $471.7 billion in August, according to the U.S. Census Bureau. It followed a 3.3% decline in July.

New orders for manufactured durable goods grew 2.0% to $233.5 billion in August. Nondefense aircraft and parts led the increase, jumping 44.8% to $10.5 billion.

Shipments of manufactured durable goods increased 0.5% to $237.8 billion.

Inventories of manufactured durable goods, up thirteen of the last fourteen months, increased 0.4% to $400.8 billion.

Read the Census release.

About Stephen Newton

Stephen Newton is an economic research associate at ABA.
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