Durable Goods Orders Declined 6.6% in June

Washington, DC, July 25, 2024-New orders for manufactured durable goods in June, down following four consecutive monthly increases, decreased $18.6 billion or 6.6% to $264.5 billion, the U.S. Census Bureau announced. This followed a 0.1% May increase. Excluding transportation, new orders increased 0.5%. Excluding defense, new orders decreased 7.0%. Transportation equipment, down two of the last three months, drove the decrease, $19.6 billion or 20.5% to $75.8 billion.

Shipments of manufactured durable goods in June, up four of the last five months, increased $3.5 billion or 1.2% to $288.1 billion. This followed a 0.4% May decrease. Transportation equipment, also up four of the last five months, led the increase, $3.5 billion or 3.8% to $95.3 billion.

Unfilled orders for manufactured durable goods in June, down following forty-six consecutive monthly increases, decreased $18.8 billion or 1.3% to $1,384.3 billion. This followed a 0.2% May increase. Transportation equipment, down following forty-one consecutive monthly increases, drove the decrease, $19.5 billion or 2.1% to $889.8 billion.

Inventories of manufactured durable goods in June, down following two consecutive monthly increases, decreased $0.1 billion or virtually unchanged to $529.4 billion. This followed a 0.2% May increase. Transportation equipment, down following ten consecutive monthly increases, drove the decrease, $0.2 billion or 0.1% to $172.0 billion.