Durable Goods Orders Slid 3.7% in January

New orders for manufactured durable goods decreased 3.7% in January to $247.0 billion, following a 0.5% December rise, according to the U.S. Census Bureau. Transportation equipment drove the decrease, falling 10.0% to $77.7 billion over the month.

New orders excluding defense declined 2.7% on the month, while orders of nondefense capital goods slipped 1.5% to $73.6 billion.

Shipments of manufactured durable goods, rose 0.2% to $247.0 billion. This followed a 0.5% increase in December.

Inventories of manufactured durable goods continued to rise, growing 0.3% to $408.5 billion. This followed a 0.5% December increase and led to growth in eighteen of the last nineteen months.

Read the Census release.