(Census Bureau) US durable goods orders rose by 1.8% or $4.6 billion in August to hit $263.5 billion. The increase happens for fifteen of the last sixteen months after another surge of 0.5% in July.
Fig: Durable Goods Orders
New orders rose by 0.2%, excluding transportation. The orders were up 2.4%, excluding defense.
Transportation equipment rose for three of the last four months, contributing to a 5.5% or $4.2 billion increase in new orders.
Manufactured durable goods shipments went down by 0.5% or $1.2 billion to reach $256.1 billion, the first decline after three months.
Unfilled orders were up for the seven consecutive months to reach $1,239.3 billion, after a surge of 1.0% or $11.8 billion.
Inventories rose for the seven straight months to reach $457.9 billion, after a surge of $3.4 billion or 0.8%.
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