Here’s How Durable Goods Rose Three Months in a Row

New orders for Durable Goods continued to roll during March and February’s data was revised higher. Orders were particularly strong for transportation equipment (NYSE:XLI), computers (NASDAQ:QQQ), and defense-related products (NYSE:PPA).

Here’s your Cheat Sheet to the economic data:

New Orders. New orders for manufactured durable goods in March increased $5.0 billion or 2.5 percent to $208.4 billion, the U.S. Census Bureau announced today. This increase, up three consecutive months, followed a 0.7 percent February increase. Excluding transportation, new orders increased 1.3 percent. Excluding defense, new orders increased 2.3 percent. Transportation equipment, also up three consecutive months, had the largest increase, $3.1 billion or 5.9 percent to $54.7 billion.

Shipments. Shipments of manufactured durable goods in March, up five consecutive months, increased $3.7 billion or 1.8 percent to $207.3 billion. This followed a 0.5 percent February increase. Transportation equipment, up four consecutive months, had the largest increase, $1.6 billion or 3.3 percent to $51.1 billion.

Unfilled Orders. Unfilled orders for manufactured durable goods in March, up eleven of the last twelve months, increased $6.6 billion or 0.8 percent to $843.4 billion. This followed a 0.7 percent February increase. Transportation equipment, up three consecutive months, had the largest increase, $3.6 billion or 0.8 percent to $482.0 billion.

Inventories. Inventories of manufactured durable goods in March, up fifteen consecutive months, increased $4.2 billion or 1.3 percent to $333.9 billion. This followed a 1.3 percent February increase. Transportation equipment, also up fifteen consecutive months, had the largest increase, $1.7 billion or 1.9 percent to $89.8 billion.

Capital Goods (NYSE:XLI). Nondefense new orders for capital goods in March increased $2.3 billion or 3.2 percent to $73.3 billion. Shipments increased $1.4 billion or 2.1 percent to $67.2 billion. Unfilled orders increased $6.1 billion or 1.2 percent to $513.6 billion. Inventories increased $2.4 billion or 1.7 percent to $142.8 billion. Defense new orders for capital goods in March increased $0.6 billion or 7.6 percent to $9.0 billion. Shipments increased $0.4 billion or 4.8 percent to $8.9 billion. Unfilled orders increased $0.1 billion or 0.1 percent to $141.6 billion. Inventories increased $0.7 billion or 3.7 percent to $18.3 billion.

Revised February Data. Revised seasonally adjusted February figures for all manufacturing industries were: new orders, $447.4 billion (revised from $446.0 billion); shipments, $447.7 billion (revised from $448.3 billion); unfilled orders, $836.8 billion (revised from $834.8 billion); and total inventories, $566.1 billion (revised from $565.0 billion).

Durable Goods Definition: Manufacturers’ Shipments, Inventories, and Orders (M3) data is based upon data reported from manufacturing establishments with $500 million or more in annual shipments. Units may be divisions of diversified large companies, large homogenous companies, or single-unit manufacturers in 89 industry categories.

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