Durable Goods Orders Grew 1.3% in November

New orders for manufactured durable goods increased 1.3% in November to $241.4 billion, following a 0.4% October decline, according to the U.S. Census Bureau. Transportation equipment drove the increase, growing 4.2% to $80.9 billion over the month.

New orders excluding defense grew 1.0% on the month, while orders of nondefense capital goods jumped 2.6% to $75.4 billion.

Shipments of manufactured durable goods, rose 1.0% to $244.5 billion. This followed a 0.5% increase in October.

Inventories of manufactured durable goods continued to rise, growing 0.2% to $405.2 billion. This followed a 0.2% October increase and led to growth in sixteen of the last seventeen months.

Read the Census release.

About Stephen Newton

Stephen Newton is an economic research associate at ABA.
More from Stephen Newton >