Data from the Census Department, chart by MishThe Census Department Durable Goods Report for September posted some grim statistics, most of it aircraft related.New Orders
New orders for manufactured durable goods in September, down three of the last four months, decreased $2.2 billion or 0.8 percent to $284.8 billion. This followed a 0.8 percent August decrease.
Excluding transportation, new orders increased 0.4 percent.
Excluding defense, new orders decreased 1.1 percent.
Transportation equipment, also down three of the last four months, drove the decrease, $3.1 billion or 3.1 percent to $95.4 billion.
Shipments
Shipments of manufactured durable goods in September, down two consecutive months, decreased $1.8 billion or 0.6 percent to $287.3 billion. This followed a 0.6 percent August decrease.
Transportation equipment, also down two consecutive months, drove the decrease, $2.3 billion or 2.4 percent to $94.4 billion.
Unfilled Orders
Unfilled orders for manufactured durable goods in September, up forty-nine of the last fifty months, increased $2.3 billion or 0.2 percent to $1,391.2 billion.
This followed a 0.2 percent August increase.
Transportation equipment, up forty-four of the last forty-five months, led the increase, $1.0 billion or 0.1 percent to $895.1 billion.
Inventories
Inventories of manufactured durable goods in September, down three of the last four months, decreased $1.0 billion or 0.2 percent to $528.3 billion. This followed a virtually unchanged August decrease.
Transportation equipment, also down three of the last four months, led the decrease, $1.0 billion or 0.6 percent to $171.1 billion.
Capital Goods
Nondefense new orders for capital goods in September decreased $4.0 billion or 4.5 percent to $84.1 billion.
Shipments decreased $3.1 billion or 3.6 percent to $84.8 billion. Unfilled orders decreased $0.7 billion or 0.1 percent to $839.3 billion. Inventories decreased $0.6 billion or 0.3 percent to $232.0 billion.
Defense new orders for capital goods in September increased $1.1 billion or 6.4 percent to $17.5 billion.
Shipments decreased $0.1 billion or 0.8 percent to $14.4 billion. Unfilled orders increased $3.2 billion or 1.5 percent to $208.2 billion. Inventories decreased $0.1 billion or 0.5 percent to $25.6 billion.
Revised August Data
New orders, $587.1 billion (revised from $590.4 billion)
Shipments, $589.2 billion (revised from $590.1 billion)
Unfilled orders, $1,389.0 billion (revised from $1,391.4 billion)
Total inventories, $859.6 billion (revised from $860.2 billion)
All of the revisions were negative.Spotlight BoeingMuch of this weakness is related to aircraft, always so volatile that it would blow the scales of every chart if I plotted the orders.Yesterday, the Union Voted to Reject Boeing’s Latest Offer. I will cover this separately, but it is terrible news for Boeing.More By This Author:Continued Unemployment Claims Are The Highest Since November 13, 2021 Fed Beige Book Shows Only 3 Of 12 Regions Growing, 3 Declining Head NAR Cheerleader Blames The Election For Poor Existing-Home Sales
