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Market Update : 
Durable Goods Orders Drop 6.2% in October
Author: 123jump.com Staff
123jump.com
Last Update: 8:44 AM ET November 26 2008



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New orders for manufactured durable goods in October decreased $12.7 billion or 6.2% to $193.0 billion, the U.S. Census Bureau announced today. This was the largest percent decrease in new orders since October 2006 and followed two consecutive monthly decreases including a 0.2% September decrease. Excluding transportation, new orders decreased 4.4%. Excluding defense, new orders decreased 4.6%.

 
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 October decreased $12.7 billion or 6.2 percent to $193.0 billion, the U.S. Census Bureau announced today. This was the largest percent decrease in new orders since October 2006 and followed two consecutive monthly decreases including a 0.2 percent September decrease. Excluding transportation, new orders decreased 4.4 percent. Excluding defense, new orders decreased 4.6 percent.

Shipments

Shipments of manufactured durable goods in October, down three consecutive months, decreased $5.0 billion or 2.4 percent to $202.9 billion. This followed a 0.2 percent September decrease.

Unfilled Orders

Unfilled orders for manufactured durable goods in October, down for the first time in twenty-six months, decreased $4.6 billion or 0.6 percent to $823.6 billion. This followed a 0.2 percent September increase.

Inventories

Inventories of manufactured durable goods in October, up fifteen of the last sixteen months, increased $1.4 billion or 0.4 percent to $341.1 billion. This was at the highest level since the series was first stated on a NAICS basis in 1992 and followed a 0.2 percent September increase.

Capital Goods Industries

Nondefense

Nondefense new orders for capital goods in October decreased $2.4 billion or 3.6 percent to $65.6 billion.

Defense

Defense new orders for capital goods in October decreased $3.7 billion or 31.0 percent to $8.3 billion.


Available at:

http://www.census.gov/indicator/www/m3/index.htm
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