- Prior month -4.5% revised to -4.0%
- Advanced Durable goods orders for June 03% versus 2.5% estimate
- Durable goods ex transportation 0.6% vs 0 8% estimate. Prior month 1.8%
- Durable goods ex defense 0.3% versus -4.3% last month. Prior month -4.3%
- Nondefense capital ex air 0.9% versus 0.8%. Prior month +1.9%
Details of shipment, inventories:
- Manufactured durable goods shipments rose $2.4 billion (+0.7%) in June to $330.7 billion, following a 1.1% increase in May. Positive.
- Computers and electronic products led shipment gains, rising $0.8 billion (+2.4%) to $34.7 billion, marking the ninth consecutive monthly increase.
- Unfilled orders increased $9.3 billion (+0.6%) to $1.590 trillion, after a 0.7% gain in May.
- Transportation equipment led the increase in unfilled orders, rising $4.1 billion (+0.4%) to $1.002 trillion.
- Unfilled orders have increased in 23 of the last 24 months.
- Inventories of manufactured durable goods rose $2.0 billion (+0.3%) to $602.0 billion, following a 0.1% increase in May.
- Transportation equipment inventories increased $0.6 billion (+0.3%) to $190.6 billion.
- Durable goods inventories have increased for nine consecutive months.
- Nondefense capital goods
- New orders: +$1.2 billion (+1.2%) to $97.8 billion.
- Shipments: +$1.4 billion (+1.5%) to $95.0 billion.
- Unfilled orders: +$2.7 billion (+0.3%) to $950.1 billion.
- Inventories: +$0.6 billion (+0.2%) to $252.4 billion.
- Defense capital goods
- New orders: +$0.1 billion (+0.5%) to $22.7 billion.
- Shipments: +$0.8 billion (+4.0%) to $19.5 billion.
- Unfilled orders: +$3.2 billion (+1.4%) to $224.7 billion.
- Inventories: Down less than $0.1 billion (-0.1%) to $28.2 billion.
This article was written by Greg Michalowski at investinglive.com.