U.S. Advance Report on Durable Goods for January (Text)

The following is the text of the U.S. durable goods report released by the Commerce Department.

New Orders

New orders for manufactured durable goods in January decreased $8.6 billion or 4.0 percent to $206.1 billion, the U.S. Census Bureau announced today. This decrease, down following three consecutive monthly increases, followed a 3.2 percent December increase. Excluding transportation, new orders decreased 3.2 percent. Excluding defense, new orders decreased 4.5 percent. Transportation equipment, down following two consecutive monthly increases, had the largest decrease, $3.6 billion or 6.1 percent to $55.2 billion. This was due to nondefense aircraft and parts, which decreased $3.8 billion.

Shipments

Shipments of manufactured durable goods in January, up two consecutive months, increased $0.8 billion or 0.4 percent to $207.8 billion. This followed a 1.9 percent December increase. Transportation equipment, also up two consecutive months, had the largest increase, $2.6 billion or 5.4 percent to $50.3 billion. This followed a 1.0 percent December increase.

Unfilled Orders

Unfilled orders for manufactured durable goods in January, up twenty-one of the last twenty-two months, increased $4.8 billion or 0.5 percent to $917.1 billion. This followed a 1.5 percent December increase. Transportation equipment, up twelve of the last thirteen months, had the largest increase, $4.9 billion or 0.9 percent to $535.1 billion.

Inventories

Inventories of manufactured durable goods in January, up twenty- five consecutive months, increased $2.6 billion or 0.7 percent to $372.5 billion. This was at the highest level since the series was first published on a NAICS basis in 1992 and followed a 0.3 percent December increase. Machinery, up twenty-two consecutive months, had the largest increase, $0.9 billion or 1.4 percent to $61.4 billion.

Capital Goods

Nondefense new orders for capital goods in January decreased $5.4 billion or 6.3 percent to $79.5 billion. Shipments decreased $0.6 billion or 0.9 percent to $70.9 billion. Unfilled orders increased $8.6 billion or 1.6 percent to $554.4 billion. Inventories increased $1.7 billion or 1.0 percent to $172.0 billion. Defense new orders for capital goods in January increased $0.9 billion or 17.7 percent to $5.9 billion. Shipments decreased $0.3 billion or 3.5 percent to $7.4 billion. Unfilled orders decreased $1.4 billion or 1.0 percent to $147.2 billion. Inventories increased $0.1 billion or 0.6 percent to $20.2 billion.

Revised December Data

Revised seasonally adjusted December figures for all manufacturing industries were: new orders, $466.5 billion (revised from $466.2 billion); shipments, $458.9 billion (revised from $459.4 billion); unfilled orders, $912.4 billion (revised from $911.5 billion); and total inventories, $610.6 billion (revised from $610.1 billion).

Revised and more detailed estimates, plus nondurable goods data, will be published on March 5, 2012, at 10:00 a.m. EST. The advance report on durable goods for February is scheduled for release on March 28, 2012, at 8:30 a.m. EDT. See back page for survey description.

SOURCE: U.S. Commerce Department. http://www.census.gov/m3

To contact the reporter on this story: Chris Middleton in Washington at cmiddleton2@bloomberg.net

To contact the editor responsible for this story: Marco Babic at mbabic@bloomberg.net

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.