Durable Goods Orders Rose 1.6% in January

Washington, DC, February 25, 2022-New orders for manufactured durable goods in January increased $4.3 billion or 1.6% to $277.5 billion, the U.S. Census Bureau announced. This increase, up eight of the last nine months, followed a 1.2% December increase.

Excluding transportation, new orders increased 0.7%. Excluding defense, new orders increased 1.6%. Transportation equipment, up three consecutive months, led the increase, $2.9 billion or 3.4% to $87.6 billion.

Shipments of manufactured durable goods in January, up eight of the last nine months, increased $3.1 billion or 1.2% to $270.4 billion. This followed a 1.3% December increase. Machinery, up ten of the last eleven months, led the increase, $1.0 billion or 2.7% to $38.9 billion.

Unfilled orders for manufactured durable goods in January, up twelve consecutive months, increased $11.4 billion or 0.9% to $1,283.2 billion. This followed a 0.8% December increase. Transportation equipment, up eleven of the last twelve months, led the increase, $9.6 billion or 1.1% to $848.8 billion.

Inventories of manufactured durable goods in January, up twelve consecutive months, increased $1.9 billion or 0.4% to $476.0 billion. This followed a 0.8% December increase. Machinery, up fifteen consecutive months, led the increase, $0.7 billion or 0.9% to $79.4 billion.