Bloomberg News

U.S. Advance Report on Durable Goods for June (Text)

July 26, 2012

The following is the text of the U.S. durable goods report released by the Commerce Department.

New Orders

New orders for manufactured durable goods in June increased $3.4 billion or 1.6 percent to $221.6 billion, the U.S. Census Bureau announced today. This increase, up two consecutive months, followed a 1.6 percent May increase. Excluding transportation, new orders decreased 1.1 percent. Excluding defense, new orders decreased 0.7 percent.

Transportation equipment, up four of the last five months, had the largest increase, $5.1 billion or 8.0 percent to $68.8 billion.

Shipments

Shipments of manufactured durable goods in June, up six of the last seven months, increased $0.2 billion or 0.1 percent to $225.4 billion. This followed a 1.2 percent May increase.

Machinery, up four of the last five months, had the largest increase, $1.0 billion or 3.1 percent to $32.9 billion. This was at the highest level since the series was first published on a NAICS basis in 1992 and followed a 1.2 percent May increase.

Unfilled Orders

Unfilled orders for manufactured durable goods in June, up twenty-nine of the last thirty months, increased $3.7 billion or 0.4 percent to $988.6 billion. This followed a slight May increase.

Transportation equipment, up following three consecutive monthly decreases, had the largest increase, $4.4 billion or 0.8 percent to $568.5 billion.

Inventories

Inventories of manufactured durable goods in June, up twenty-nine of the last thirty months, increased $1.2 billion or 0.3 percent to $366.7 billion. This was at the highest level since the series was first published on a NAICS basis and followed a 0.4 percent May increase.

Transportation equipment, also up twenty-nine of the last thirty months, had the largest increase, $0.8 billion or 0.7 percent to $108.8 billion. This was also at the highest level since the series was first published on a NAICS basis.

Capital Goods

Nondefense new orders for capital goods in June increased $0.8 billion or 1.2 percent to $72.1 billion. Shipments increased $0.4 billion or 0.6 percent to $70.7 billion. Unfilled orders increased $1.5 billion or 0.3 percent to $586.5 billion. Inventories increased $1.2 billion or 0.7 percent to $168.5 billion.

Defense new orders for capital goods in June increased $4.5 billion or 62.0 percent to $11.7 billion. Shipments increased $0.2 billion or 2.0 percent to $8.7 billion. Unfilled orders increased $3.0 billion or 1.8 percent to $165.5 billion. Inventories increased slightly or 0.2 percent to $20.9 billion.

Revised May Data

Revised seasonally adjusted May figures for all manufacturing industries were: new orders, $469.8 billion (revised from $469.0 billion); shipments, $476.8 billion (revised from $476.0); unfilled orders, $984.8 billion (revised from $984.4 billion); and total inventories, $604.9 billion (revised from $604.5 billion).

Figures in text are adjusted for seasonality, but not for inflation. Figures on new and unfilled orders exclude data for semiconductor manufacturing. For data, call (301) 763-4673 or go to <http://www.census.gov/m3>.

Revised and more detailed estimates, plus nondurable goods data, will be published on August 2, 2012, at 10:00 a.m. EDT. The advance report on durable goods for July is scheduled for release on August 24, 2012, at 8:30 a.m. EDT. See back page for survey description.

SOURCE: U.S. Commerce Department. http://www.census.gov/m3

To contact the reporter on this story: Chris Middleton in Washington at cmiddleton2@bloomberg.net

To contact the editor responsible for this story: Marco Babic at mbabic@bloomberg.net


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