Durable Goods Orders Fell 0.2% in January After Rising 2.9% in December

New orders for manufactured durable goods in January decreased $0.4 billion or 0.2 percent to $246.2billion, the U.S. Census Bureau announced today. This decrease, down two of the last three months, followed a 2.9 percent December increase. Excluding transportation, new orders increased 0.9 percent. Excluding defense, new orders increased 3.6 percent. Transportation equipment, down four of the last five months, drove the decrease, $1.8 billion or 2.2 percent to $82.0 billion.

Excluding defense, new orders increased 3.6%.

Shipments of manufactured durable goods in January, down seven consecutive months, decreased $0.5billion or 0.2 percent to $250.1 billion. This followed a 0.1 percent December decrease. Transportation equipment, also down seven consecutive months, drove the decrease, $1.3 billion or 1.6 percent to $82.1 billion.

Inventories of manufactured durable goods in January, up eighteen of the last nineteen months, increased less than $0.1 billion or virtually unchanged to $435.4 billion. This followed a 0.4 percent December increase.

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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.