New orders for manufactured durable goods in July 2011 increased 4.0% to $201.5 billion. Excluding transportation, new orders grew 0.7%. Overall shipment rose 2.5%. Capital goods shipment increased 0.6%. Unfilled orders rose 0.7% and inventories grew 0.8% in July 2011.
On Wednesday, July 27th, the U.S. Census Bureau will issue the advance report on durable goods for June. This release is important because it impacts Gross Domestic Product (GDP) in two significant ways: exports of goods and business investment in equipment and software. (The first look at GDP for the second quarter will be released on July 29th by the Bureau of Economic Analysis.)
New orders for manufactured durable goods in May 2011 increased 1.9%, to $195.6 billion. Excluding transportation, new orders grew 0.6%. Overall shipments rose 0.3%. Capital goods shipments grew 0.8%. Unfilled orders increased 0.9%. And inventories rose 1.2% in May 2011.
New orders for manufactured durable goods in April 2011 decreased 3.6% to $189.9 billion. Excluding transportation, new orders fell 1.5%. Overall shipments declined 1.0% to $194.9 billion. Capital goods shipments fell 1.9%. Unfilled orders rose 0.2%. And inventories increased 0.9% in April 2011.
It is surprisingly hot and sticky in DC today, as summer seems to be making an early return to the nation’s capital. And while that might make many Washingtonians cringe, when it comes to the economy, these descriptors are welcome news. A key dimension of America’s economic recovery is also surprisingly hot with strength that is expected to stick – manufacturing. Ok, cheesiness aside, U.S.
