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Durable Goods Orders off 2.4% in August

From the Census Bureau: 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. 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 nondefense aircraft and parts, which decreased $3.7 billion. So excluding civilian aircraft, durable goods orders were only down slightly. The manufacturers continue to work down their unfilled orders and inventory: 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 …

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