Orders for Durable Goods Rose 1% in October

Washington, DC, November 23, 2022-New orders for manufactured durable goods in October, up seven of the last eight months, increased $2.8 billion or 1.0% to $277.4 billion, the U.S. Census Bureau announced. This followed a 0.3% September increase. Excluding transportation, new orders increased 0.5%. Excluding defense, new orders increased 0.8%. Transportation equipment, up six of the last seven months, led the increase, $2.0 billion or 2.1% to $97.8 billion.

Shipments of manufactured durable goods in October, up seventeen of the last eighteen months, increased $1.1 billion or 0.4% to $275.4 billion. This followed a 0.3% September increase. Machinery, up nineteen of the last twenty months, led the increase, $0.5 billion or 1.3% to $38.9 billion.

Unfilled orders for manufactured durable goods in October, up twenty-six consecutive months, increased $7.0 billion or 0.6% to $1,144.3 billion. This followed a 0.5% September increase. Transportation equipment, up twenty of the last twenty-one months, led the increase, $6.9 billion or 1.0% to $671.1 billion.

Inventories of manufactured durable goods in October, up twenty-one consecutive months, increased $0.9 billion or 0.2% to $489.5 billion. This followed a 0.2% September increase. Machinery, up twenty-four consecutive months, drove the increase, $0.9 billion or 1.1% to $86.6 billion.