Orders for Manufactured Goods Rose 3.4% in January
Washington, DC, February 25, 2021-New orders for manufactured durable goods in January increased $8.5 billion or 3.4% to $256.6 billion, the U.S. Census Bureau announced. This increase, up nine consecutive months, followed a 1.2% December increase. Excluding transportation, new orders increased 1.4%. Excluding defense, new orders increased 2.3%. Transportation, up eight of the last nine months, led the increase, $6.1 billion or 7.8% to $85.1 billion.
Shipments of manufactured durable goods in January, up eight of the last nine months, increased $5.1 billion or 2.0% to $260.6 billion. This followed a 2.1% December increase. Machinery, also up eight of the last nine months, led the increase, $1.1 billion or 3.6% to $33.2 billion.
Unfilled orders for manufactured durable goods in January, up following seven consecutive monthly decreases, increased $1.0 billion or 0.1% to $1,072.6 billion. This followed a 0.2% December decrease. Fabricated metal products, up nine consecutive months, led the increase, $0.9 billion or 1.2% to $78.6 billion.
Inventories of manufactured durable goods in January, down two consecutive months, decreased $1.4 billion or 0.3 5to $424.3 billion. This followed a 0.2% December decrease. Transportation equipment, also down two consecutive months, drove the decrease, $2.3 billion or 1.5% to $145.7 billion.
Related Topics:U.S. Census Bureau