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

Oct. 26 (Bloomberg) -- The following is the text of the U.S. durable goods report released by the Commerce Department.

Advance Report on Durable Goods Manufacturers' Shipments,

Inventories and Orders

September 2011

New Orders

New orders for manufactured durable goods in September decreased $1.5 billion or 0.8 percent to $200.3 billion, the U.S. Census Bureau announced today. This decrease, down three of the last four months, followed a 0.1 percent August decrease. Excluding transportation, new orders increased 1.7 percent. Excluding defense, new orders decreased 1.1 percent.

Transportation equipment, down following two consecutive monthly increases, had the largest decrease, $4.0 billion or 7.5 percent to $49.6 billion.

Shipments

Shipments of manufactured durable goods in September, down following four consecutive monthly increases, decreased $1.4 billion or 0.7 percent to $200.1 billion. This followed a 0.1 percent August increase.

Transportation equipment, down two consecutive months, had the largest decrease, $1.3 billion or 2.7 percent to $45.6 billion.

Unfilled Orders

Unfilled orders for manufactured durable goods in September, up seventeen of the last eighteen months, increased $6.9 billion or 0.8 percent to $885.3 billion. This followed a 0.8 percent August increase.

Transportation equipment, up nine consecutive months, had the largest increase, $3.9 billion or 0.8 percent to $512.1 billion.

Inventories

Inventories of manufactured durable goods in September, up twenty one consecutive months, increased $0.4 billion or 0.1 percent to $365.6 billion. This was at the highest level since the series was first published on a NAICS basis in 1992 and followed a 0.9 percent August increase.

Transportation equipment, also up twenty one consecutive months, had the largest increase, $0.5 billion or 0.5 percent to $112.7 billion.

Capital Goods

Nondefense new orders for capital goods in September decreased $1.8 billion or 2.3 percent to $76.0 billion. Shipments decreased $0.8 billion or 1.2 percent to $70.6 billion. Unfilled orders increased $5.4 billion or 1.0 percent to $521.9 billion. Inventories increased $0.3 billion or 0.2 percent to $167.1 billion.

Defense new orders for capital goods in September increased $0.7 billion or 8.6 percent to $8.7 billion. Shipments increased slightly or 0.5 percent to $7.6 billion. Unfilled orders increased $1.2 billion or 0.8 percent to $153.0 billion. Inventories decreased $0.5 billion or 2.2 percent to $20.1 billion.

Revised August Data

Revised seasonally adjusted August figures for all manufacturing industries were: new orders, $451.6 billion (revised from $451.0 billion); shipments, $451.2 billion (revised from $450.2 billion); unfilled orders, $878.4 billion (revised from $878.8 billion); and total inventories, $600.7 billion (revised from $601.2 billion).

________________________________________

Figures in text are adjusted for seasonality but not for inflation. Figures on new and unfilled orders exclude data for semiconductor manufacturing.

Revised and more detailed estimates, plus nondurable goods data, will be published on November 3, 2011, at 10:00 a.m. EDT. The advance report on durable goods for October is scheduled for release on November 23, 2011, at 8:30 a.m. EST. See back page for survey description.

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

To contact the reporter on this story: Kristy Scheuble in Washington at kmckeaney@bloomberg.net

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

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