US Durable Goods Orders Unexpectedly Rise
New orders for US manufactured durable goods rose 0.4 percent from a month earlier in January of 2019, following an upwardly revised 1.3 percent advance in December and beating market expectations of a 0.5 percent drop. Transportation equipment, up five of the last six months, jumped 1.2 percent and drove the increase. Orders for non-defense capital goods excluding aircraft, a closely watched proxy for business spending plans, went up 0.8 percent, the highest gain since July and rebounding from a 0.9 percent fall in December. Durable Goods Orders in the United States averaged 0.33 percent from 1992 until 2019, reaching an all time high of 23.50 percent in July of 2014 and a record low of -19 percent in August of 2014.
| Calendar | GMT | Actual | Previous | Consensus | TEForecast | |
| 2018-11-21 | 01:30 PM | Durable Goods Orders MoM | -4.4% | -0.1% | -2.5% | -1.2% |
| 2018-12-21 | 01:30 PM | Durable Goods Orders MoM | 0.8% | -4.3% | 1.6% | 0.8% |
| 2019-02-21 | 01:30 PM | Durable Goods Orders MoM | 1.2% | 1% | 1.5% | 2.5% |
| 2019-03-13 | 12:30 PM | Durable Goods Orders MoM | 0.4% | 1.3% | -0.5% | -0.9% |
| 2019-04-02 | 12:30 PM | Durable Goods Orders MoM | 0.4% | -1.3% | -0.7% | |
| 2019-04-25 | 12:30 PM | Durable Goods Orders MoM | -1.5% | |||
| 2019-05-24 | 12:30 PM | Durable Goods Orders MoM |
US Durable Goods Orders Unexpectedly Rise
New orders for US manufactured durable goods increased 0.4 percent from a month earlier in January of 2019, following an upwardly revised 1.3 percent advance in December and beating market expectations of a 0.5 percent drop. Orders for non-defense capital goods excluding aircraft, a closely watched proxy for business spending plans, went up 0.8 percent, the highest gain since July and rebounding from a 0.9 percent fall in December.
Transportation equipment, up five of the last six months, drove the increase, $1.0 billion or 1.2 percent to $90.9 billion. Excluding transportation, new orders decreased 0.1 percent, after an upwardly revised 0.3 percent rise in December and compared to forecasts of a 0.1 percent gain. Excluding defense, new orders increased 0.7 percent, following an upwardly revised 2.2 percent rise in the previous month.
Unfilled orders for manufactured durable goods in January, up following three consecutive monthly decreases, increased $1.4 billion or 0.1 percent to $1,181.9 billion. This followed a 0.1 percent December decrease. Transportation equipment, also up following three consecutive monthly decreases, led the increase, $0.9 billion or 0.1 percent to $811.6 billion.
Inventories of manufactured durable goods in January, up twenty-four of the last twenty-five months, increased $1.7 billion or 0.4 percent to $417.0 billion. This followed a 0.3 percent December increase. Transportation equipment, up four of the last five months, led the increase, $1.2 billion or 0.9 percent to $132.6 billion.
Nondefense new orders for capital goods in January increased $2.0 billion or 2.5 percent to $80.3 billion. Shipments decreased $1.3 billion or 1.6 percent to $78.4 billion. Unfilled orders increased $1.9 billion or 0.3 percent to $711.0 billion. Inventories increased $0.9 billion or 0.5 percent to $182.8 billion. Defense new orders for capital goods in January decreased $0.3 billion or 2.3 percent to $12.5 billion. Shipments increased $0.4 billion or 3.4 percent to $13.0 billion. Unfilled orders decreased $0.5 billion or 0.3 percent to $156.0 billion. Inventories increased $0.4 billion or 1.6 percent to $23.0 billion.
https://tradingeconomics.com/united-states/durable-goods-orders