Durable Goods Orders Rose 0.8 percent in November

New orders for manufactured durable goods increased 0.8 percent in November to $250.8 billion, following two consecutive monthly decreases including a 4.3 percent decrease in October, according to the U.S. Census Bureau. Transportation equipment drove the increase, rising 2.9 percent to $87.0 billion over the month. New orders, excluding the transportation sector, decreased 0.3 percent.

Excluding defense, new orders decreased 0.1 percent.

Shipments of manufactured durable goods increased 0.7 percent to $250.8 billion.

Inventories of manufactured durable goods increased 0.3 percent to $412.8 billion. This marks increases in 22 of the last 23 months including a 0.2 percent increase in October.

Read the CensusĀ release.

 

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About Author

Hugo Dante

Hugo Dante is a research associate in the Economic Policy and Research group at the ABA.