Orders for Durable Goods Rose 11.2% in July

Washington, DC, August 26, 2020-New orders for manufactured durable goods in July increased $23.2 billion or 11.2% to $230.7 billion, the U.S. Census Bureau announced. This increase, up three consecutive months, followed a 7.7% June increase.

Excluding transportation, new orders increased 2.4%. Excluding defense, new orders increased 9.9%. Transportation equipment, also up three consecutive months, led the increase, $19.6 billion or 35.6% to $74.7 billion.

Shipments of manufactured durable goods in July, up three consecutive months, increased $16.6 billion or 7.3% to $244.0 billion. This followed a 15.2% June increase. Transportation equipment, also up three consecutive months, led the increase, $12.6 billion or 17.8% to $83.2 billion.

Unfilled orders for manufactured durable goods in July, down four of the last five months, decreased $8.2 billion or 0.8% to $1,084.4 billion. This followed a 1.4% June decrease. Transportation equipment, down five consecutive months, drove the decrease, $8.4 billion or 1.1% to $735.2 billion.