Established 1999
     
8,000 companies from USA and India.  
   
Search over 25,500 news articles and 8,000 companies earnings    
 
U.S.Economy: 
August Durable Orders Fall 2.4%
Author: 123jump.com Staff
123jump.com
Last Update: 8:55 AM ET September 25 2009



Email article | Print article

August durable goods orders decreased 2.4% or $4 billion to $164.4 billion, second monthly decline in the last three months. Orders fell 4.8% in July. Excluding transportation orders edged slightly lower.

 
The following is the unedited transcript of the news release from the Census Bureau of the Department of Commerce.

New Orders

New orders for manufactured durable goods in August decreased $4.0 billion or 2.4 percent to $164.4 billion, the U.S. Census Bureau announced today. This was the second decrease in the last three months. This followed a 4.8 percent July increase. Excluding transportation, new orders were down slightly. Excluding defense, new orders decreased 2.4 percent.

Transportation equipment, also down two of the last three months, had the largest decrease, $4.0 billion or 9.3 percent to $39.5 billion. This was led by non defense aircraft and parts, which decreased $3.7 billion.

Shipments

Shipments of manufactured durable goods in August, down following two consecutive monthly increases, decreased $2.4 billion or 1.4 percent to $171.3 billion. This followed a 2.2 percent July increase.

Transportation equipment, also down following two consecutive monthly increases, had the largest decrease, $0.9 billion or 2.0 percent to $42.1 billion.

Unfilled Orders

Unfilled orders for manufactured durable goods in August, down eleven consecutive months, decreased $2.8 billion or 0.4 percent to $737.1 billion. This was the longest streak of consecutive monthly decreases since the series was first published on a NAICS basis in 1992 and followed a 0.1 percent July decrease.

Transportation equipment, down ten of the last eleven months, had the largest decrease, $2.7 billion or 0.6 percent to $431.4 billion.

Inventories

Inventories of manufactured durable goods in August, down eight consecutive months, decreased $4.2 billion or 1.3 percent to $308.9 billion. This followed a 1.1 percent July decrease.

Transportation equipment, down following two consecutive monthly increases, had the largest decrease, $2.8 billion or 2.9 percent to $91.2 billion.

Capital Goods Industries

Nondefense new orders for capital goods in August decreased $4.0 billion or 7.1 percent to $52.7 billion. Shipments decreased $1.4 billion or 2.4 percent to $55.5 billion. Unfilled orders decreased $2.7 billion or 0.6 percent to $422.8 billion. Inventories decreased $2.3 billion or 1.7 percent to $135.3 billion.

Defense new orders for capital goods in August increased $0.1 billion or 1.1 percent to $9.9 billion. Shipments increased $0.3 billion or 2.9 percent to $10.8 billion. Unfilled orders decreased $0.8 billion or 0.6 percent to $140.7 billion. Inventories decreased $0.1 billion or 0.3 percent to $20.2 billion

Revised June Data

Revised seasonally adjusted July figures for all manufacturing industries were: new orders, $354.9 billion (revised from $355.5 billion); shipments, $360.0 billion (revised from $359.7 billion); unfilled orders, $740.0 billion (revised from $740.6 billion); and total inventories, $502.4 billion (revised from $503.1 billion).

Available at:

http://www.census.gov/indicator/www/m3/adv/pdf/durgd.pdf
  1

 


 
Sources: Data collected by 123jump.com and Ticker.com from company press releases, filings and corporate websites.
Market data: BATS Exchange. Inc.

350 Fund Managers Interviews - 10-year Annual earnings on 4,600 U.S. companies - 20-quarter Earnings on 3,800 U.S. companies - 3,200 U.S. IPO Prospectuses
- 2,100 Economic data releases from U.S., EU, UK, India, HK and Australia. 10-year Annual reports on 3,500 U.S. companies -
U.S. Earnings Calendar with 4,800 companies - 90,000 10-K reports - 26,000 Global markets news archive - 2,200 Earnings Conference Call Summaries

Other Sites:
© 1999-2012 123jump.com. All rights reserved