Reporting generally weak numbers feels like a case for Dragnet. “Just the facts ma’am-just the facts.” After a long night of watching numbers after the Brexit, last thing we want to see are numbers showing durable goods down 2.2% after two consecutive monthly increases which showed a 3.3% increase last April.
New orders for manufactured durable goods in May decreased $5.3 billion or 2.2% to $230.7 billion. Excluding transportation, new orders decreased 0.3%. Excluding defense, new orders decreased 0.9%.
Nondefense new orders for capital goods in May decreased $0.6 billion or 0.8% to 73.8 billion. Shipments increased $0.8 billion or 1.2% to $72.8 billion. Unfilled orders increased $1.1 billion or 0.2% to $708.6 billion. Inventories decreased 0.3% to $171.3 billion.
Defense new orders for capital goods in May decreased 28.0% to $9.5 billion. Shipments increased 2.1% to $9.8 billion. Unfilled orders decreased 0.2% to $140.3 billion. Inventories decreased 0.3% to $20.8 billion.
(U.S. Census Bureau News released June 24, 2016)
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