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U.S.Economy: 
Durable Goods up 1.3%
Author: Ivaylo Dagnev
123jump.com
Last Update: 8:50 AM EST January 26 2006


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The Commerce Department announced that November''s orders were revised higher by a full percentage point to 5.4%. Shipments of durable increased by 3.5% in December, the biggest rise in a year. Core capital goods orders increased by 3.5% in December.

 
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 December increased $2.8 billion or 1.3 percent to $228.1 billion, the U.S. Census Bureau announced today. This was at the highest level since the series was first stated on a NAICS basis in 1992 and followed a 5.4 percent November increase.

Shipments

Shipments of manufactured durable goods in December, up four of the last five months, increased $7.5 billion or 3.5 percent to $221.1 billion. This was at the highest level since the series began and followed a 0.6 percent November increase.

Unfilled Orders

Unfilled orders for manufactured durable goods in December, up eight consecutive months, increased $14.8 billion or 2.4 percent to $637.3 billion. This was at the highest level since the series began and followed a 3.2 percent November increase.

Inventories

Inventories of manufactured durable goods in December, up five of the last six months, increased $0.1 billion to $285.6 billion. This followed a 0.6 percent November increase.

Capital Goods Industries

Nondefense

Nondefense new orders for capital goods in December decreased $0.5 billion or 0.6 percent to $87.2 billion.

Defense

Defense new orders for capital goods in December decreased slightly or 0.2 percent to $6.8 billion.


Available at: http://www.census.gov/m3
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