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 Census release.

 

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Hugo Dante

Hugo Dante is an economist in Washington, D.C. He was previously an economic research specialist at ABA. In addition to the ABA Banking Journal, his writing has appeared in The Hill, The National Interest and Townhall. Views expressed here are his own.