Durable Goods Orders Rose 9.9% in July

Washington, DC, August 26, 2024-New orders for manufactured durable goods in July, up five of the last six months, increased $26.1 billion or 9.9% to $289.6 billion, the U.S. Census Bureau announced. This followed a 6.9% June decrease. Excluding transportation, new orders decreased 0.2%. Excluding defense, new orders increased 10.4%. Transportation equipment, up two of the last three months, drove the increase, $26.4 billion or 34.8% to $102.2 billion.

Shipments of manufactured durable goods in July, up five of the last six months, increased $3.1 billion or 1.1% to $291.1 billion. This followed a 1.2% June increase. Transportation equipment, also up five of the last six months, drove the increase, $3.4 billion or 3.6% to $99.2 billion.

Unfilled orders for manufactured durable goods in July, up forty-seven of the last forty-eight months, increased $3.3 billion or 0.2% to $1,386.5 billion. This followed a 1.4% June decrease. Transportation equipment, up forty-two of the last forty-three months, led the increase, $3.1 billion or 0.3% to $892.4 billion.

Inventories of manufactured durable goods in July, up three of the last four months, increased $0.7 billion or 0.1% to $529.7 billion. This followed a 0.1% June decrease. Transportation equipment, up eleven of the last twelve months, led the increase, $0.2 billion or 0.1% to $172.1 billion.