Durable Goods Orders Rise 0.8% in June
Washington, D.C., July 27, 2021-The U.S. Census Bureau has announced that new orders for manufactured durable goods in June increased 0.8%, or $2.1 billion, to $257.6 billion, the 13th increase in 14 months. The June numbers follow a 3.2% gain in May. Excluding transportation, new orders grew 0.3%, and excluding defense, new orders increased 1.0%. Gains were led by transportation equipment, which was up for a second consecutive month with a 2.1% increase, or $1.6 billion, to $77.5 billion.
Shipments of manufactured durable goods rose 1.0% to $250.7 billion, the third increase in four months, again led by transportation equipment. Unfilled orders for goods grew 0.9%, the fifth consecutive monthly increase, to $1,223.0 billion, also led by transportation equipment. And inventories of manufactured durable goods also gained for the fifth month in a row, up 0.9% to $450.5 billion, led by transportation.
Related Topics:U.S. Census Bureau