Home > Data Release, GDP, US > Durable Goods Orders Rise Above Expectations

Durable Goods Orders Rise Above Expectations

August 26th, 2009 Michael McDonough

New orders for durable goods rose by 4.9% in July, compared to a consensus forecast of +3.3%, and a previous revised decline of -1.3%. This is the index’s largest increment since July 2007.  This month’s increment was bolstered by the US government’s popular ‘Cash for Clunkers’ program and a significant rise in commercial aircraft orders after a 30% dive last month.   Excluding transportation equipment, durable goods would have risen by only +0.8%.  Considering the well rounded increases in this month’s data, the factory sector looks set to continue on the long-road to recovery.

M/M
Jul-09 Jun-09 May-09
Total:
Shipments 2.0 0.7 -2.7
New Orders 4.9 -1.3 1.3
Excluding transportation:
Shipments 2.2 0.4 -1.4
New Orders 0.8 2.5 0.8
Excluding defense:
Shipments 2.5 0.3 -3.0
New Orders 4.3 0.7 0.9
Manufacturing with unfilled orders:
Shipments 1.0 1.5 -2.1
New Orders 5.8 -1.6 3.2
Primary metals:
Shipments 6.3 1.7 -3.2
New Orders 2.6 12.2 -0.2
Fabricated metal products:
Shipments 0.6 0.8 -2.4
New Orders 2.8 0.2 -2.6
Machinery:
Shipments -3.7 0.6 1.5
New Orders -6.6 4.5 7.2
Computers and electronic products:
Shipments 7.4 0.2 -2.6
New Orders 1.6 1.2 2.4
Computers and related products:
Shipments 2.7 0.3 -0.5
New Orders -2.8 0.5 15.9
Communications equipment:
Shipments 6.8 11.7 -2.0
New Orders 9.4 -0.6 -0.6
Semiconductors:
Shipments 43.0 -14.9 -14.5
New Orders (NA) (NA) (NA)
Electrical equipment, appliances, and components:
Shipments 1.7 0.3 -3.7
New Orders 5.3 1.7 -2.0
Transportation equipment:
Shipments 1.4 1.5 -6.5
New Orders 18.4 -12.0 2.9
Motor vehicles and parts:
Shipments 2.7 0.1 -9.0
New Orders 0.9 -0.2 -8.4
Nondefense aircraft and parts:
Shipments 5.9 1.8 -7.0
New Orders 107.2 -30.0 60.4
Defense aircraft and parts:
Shipments -9.6 8.9 7.4
New Orders -18.8 30.2 0.3
All other durable goods:
Shipments 1.9 -0.2 -0.4
New Orders 2.4 0.1 -1.0
Capital goods:
Shipments 0.1 1.6 -0.8
New Orders 9.5 -5.7 8.8
Nondefense capital goods:
Shipments 0.8 1.0 -1.0
New Orders 8.6 -0.4 9.1
Excluding aircraft:
Shipments 0.5 1.3 -0.4
New Orders -0.3 3.6 4.3
Defense capital goods:
Shipments -3.6 4.9 0.4
New Orders 14.8 -29.2 7.1
Retweet
Categories: Data Release, GDP, US Tags:
Comments are closed.