Daily News: August 27, 2013

U.S. Business Orders Sink 7.3% in July


According to the U.S. Census Bureau, new orders for manufactured durable goods in July decreased $17.8 billion or 7.3% to $226.6 billion.

This decrease, down following three consecutive monthly increases and followed a 3.9% June increase. Excluding transportation, new orders decreased 0.6%. Excluding defense, new orders decreased 6.7%.

Transportation equipment, also down following three consecutive monthly increases, led the decrease, $16.7 billion or 19.4% to $69.7 billion. This was led by nondefense aircraft and parts, which decreased $14.5 billion.

Shipments of manufactured durable goods in July, down three of the last four months, decreased $0.8 billion or 0.3% to $228.8 billion. This followed a 0.1% June decrease. Computers and electronic products, also down three of the last four months, drove the decrease, $0.9 billion or 3.2 percent to $26.6 billion. This followed a 1.1% June increase.

Unfilled orders for manufactured durable goods in July, up five of the last six months, increased $4.4 billion or 0.4% to $1,034.3 billion. This was at the highest level since the series was first published on a NAICS basis in 1992, and followed a 2.1% June increase. Computers and electronic products, up four consecutive months, led the increase, $1.2 billion or 0.9% to $135.9 billion.

Inventories of manufactured durable goods in July, up three of the last four months, increased $1.3 billion or 0.4% to $379.1 billion. This was at the highest level since the series was first published on a NAICS basis, and followed a 0.2% June increase. Transportation equipment, up fourteen of the last fifteen months, led the increase, $0.7 billion or 0.6% to $117.1 billion.

Nondefense new orders for capital goods in July decreased $14.2 billion or 15.4% to $78.0 billion.