Washington, DC, August 24, 2023 - New orders for manufactured durable goods in July, down following four consecutive monthly increases, decreased $15.5 billion or 5.2% to $285.9 billion, the U.S. Census Bureau announced. This followed a 4.4% June increase. Excluding transportation, new orders increased 0.5%. Excluding defense, new orders decreased 5.4%. Transportation equipment, also down following four consecutive monthly increases, drove the decrease, $16.4 billion or 14.3% to $98.7 billion.

Shipments of manufactured durable goods in July, up four of the last five months, increased $0.1 billion or virtually unchanged to $283.6 billion. This followed a virtually unchanged June increase. Machinery, up six of the last seven months, drove the increase, $0.1 billion or 0.3% to $37.9 billion.

Unfilled orders for manufactured durable goods in July, up seven of the last eight months, increased $7.3 billion or 0.5% to $1,332.2 billion. This followed a 1.8% June increase. Transportation equipment, also up seven of the last eight months, led the increase, $7.0 billion or 0.9% to $834.2 billion.

Inventories of manufactured durable goods in July, down two consecutive months, decreased $0.2 billion or virtually unchanged to $522.2 billion. This followed a 0.1% June decrease. Transportation equipment, also down two consecutive months, drove the decrease, $0.3 billion or 0.2% to $163.7 billion.

Source: U.S. Census Bureau