Orders for Durable Goods Declined Slightly in July

Washington, DC, August 24, 2022-New orders for manufactured durable goods in July decreased less than $0.1 billion or virtually unchanged to $273.5 billion, the U.S. Census Bureau announced. This decrease, down following four consecutive monthly increases, followed a 2.2% June increase.

Excluding transportation, new orders increased 0.3%. Excluding defense, new orders increased 1.2%. Transportation equipment, down following three consecutive monthly increases, drove the decrease, $0.6 billion or 0.7% to $93.0 billion.

Shipments of manufactured durable goods in July, up fourteen of the last fifteen months, increased $1.0 billion or 0.4% to $270.5 billion. This followed a 0.3% June increase. Transportation equipment, up nine of the last ten months, drove the increase, $1.0 billion or 1.1% to $86.3 billion.

Unfilled orders for manufactured durable goods in July, up twenty-three consecutive months, increased $7.9 billion or 0.7% to $1,126.5 billion. This followed a 0.8% June increase. Transportation equipment, up seventeen of the last eighteen months, led the increase, $6.7 billion or 1.0 % to $655.2 billion.

Inventories of manufactured durable goods in July, up eighteen consecutive months, increased $1.1 billion or 0.2% to $486.2 billion. This followed a 0.4% June increase. Machinery, up twenty-one consecutive months, led the increase, $0.7 billion or 0.8% to $84.0 billion.