Durable Goods Orders Declined 2.1% in November

Washington, DC, December 23, 2022-New orders for manufactured durable goods in November, down following three consecutive monthly increases, decreased $5.8 billion or 2.1% to $270.6 billion, the U.S. Census Bureau announced. This followed a 0.7% October increase.

Excluding transportation, new orders increased 0.2%. Excluding defense, new orders decreased 2.6%. Transportation equipment, down following three consecutive monthly increases, drove the decrease, $6.1 billion or 6.3% to $91.3 billion.

Shipments of manufactured durable goods in November, up eighteen of the last nineteen months, increased $0.6 billion or 0.2% to $275.9 billion. This followed a 0.4% October increase. Transportation equipment, up thirteen of the last fourteen months, drove the increase, $0.7 billion or 0.8% to $91.8 billion.

Unfilled orders for manufactured durable goods in November, down following twenty-six consecutive monthly increases, decreased $0.1 billion or virtually unchanged to $1,143.2 billion. This followed a 0.5% October increase. Transportation equipment, down following eighteen consecutive monthly increases, drove the decrease, $0.5 billion or 0.1% to $670.0 billion.

Inventories of manufactured durable goods in November, up twenty-two consecutive months, increased $0.4 billion or 0.1% to $489.7 billion. This followed a 0.1 percent October increase. Machinery, up twenty-five consecutive months, drove the increase, $0.4 billion or 0.5% to $87.0 billion.