New orders for US manufactured durable goods rose 2.1 percent from a month earlier in July 2019, the most since August last year, following a downwardly revised 1.8 percent gain and beating market expectations of a 1.2 percent increase. Transportation equipment, up for two consecutive months, drove the increase. Meanwhile, demand for machinery declined. Durable Goods Orders in the United States averaged 0.31 percent from 1992 until 2019, reaching an all time high of 23.20 percent in July of 2014 and a record low of -18.40 percent in August of 2014.

Durable Goods Orders in the United States is expected to be 1.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Durable Goods Orders in the United States to stand at 0.50 in 12 months time. In the long-term, the United States Durable Goods Orders is projected to trend around 0.30 percent in 2020, according to our econometric models.

United States Durable Goods Orders
width
height
Forecast Data Chart
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.


Calendar GMT Actual Previous Consensus TEForecast
2019-05-24 12:30 PM Durable Goods Orders MoM Apr -2.1% 1.7% -2% -1.7%
2019-06-26 12:30 PM Durable Goods Orders MoM May -1.3% -2.8% -0.1% 0.2%
2019-07-25 12:30 PM Durable Goods Orders MoM Jun 2% -2.3% 0.7% 0.7%
2019-08-26 12:30 PM Durable Goods Orders MoM Jul 2.1% 1.8% 1.2% 0.8%
2019-09-27 12:30 PM Durable Goods Orders MoM Aug 2.1% -1.2% -1.2%
2019-10-24 12:30 PM Durable Goods Orders MoM Sep 1.5%
2019-11-27 01:30 PM Durable Goods Orders MoM Oct



US Durable Goods Orders Rise More than Expected

New orders for US manufactured durable goods rose 2.1 percent from a month earlier in July 2019, the most since August last year, following a downwardly revised 1.8 percent gain and beating market expectations of a 1.2 percent increase. Transportation equipment, up for two consecutive months, drove the increase. Meanwhile, demand for machinery declined.

Demand for transport equipment jumped 7.0 percent, after increasing 4.1 percent in the prior month, led by a rebound in defense aircraft and parts (34.4 percent vs -38.1 percent) while orders for civilian aircraft (47.8 percent vs 101.4 percent) and motor vehicles and parts (0.5 percent vs 2.7 percent) slowed. Demand also advanced for electrical equipment, appliances, and components (1.1 percent vs 0.8 percent) and rebounded for computers and electronic products (0.2 percent vs -1.5 percent). On the other hand, orders dropped for machinery (-0.6 percent vs 1.7 percent), primary metals (-1.0 percent vs 0.5 percent), and fabricated metal products (-0.9 percent vs 2.1 percent).

Orders for non-defense capital goods excluding aircraft, a closely watched proxy for business spending plans, went up 0.4 percent, easing from a 0.9 percent rise in June.

Excluding transportation, new orders decreased 0.4 percent (vs 0.8 percent in June).  Excluding defense, new orders increased 1.4 percent (vs 3.1 percent in June).

Shipments of manufactured durable goods in July, down following two consecutive monthly increases, decreased $2.9 billion or 1.1 percent to $254.0 billion. This followed a 1.0 percent June increase. Transportation equipment, also down following two consecutive monthly increases, led the decrease, $1.8 billion or 2.1 percent to $86.4 billion.

Unfilled orders for manufactured durable goods in July, up following three consecutive monthly decreases, increased $0.7 billion or 0.1 percent to $1,161.6 billion. This followed a 0.6 percent June decrease. Fabricated metal products, up two consecutive months, led the increase, $0.4 billion or 0.4 percent to $86.5 billion.

Inventories of manufactured durable goods in July, up twelve of the last thirteen months, increased $1.5 billion or 0.4 percent to $427.3 billion. This followed a 0.3 percent June increase. Transportation equipment, also up twelve of the last thirteen months, led the increase, $1.4 billion or 1.0 percent to $141.1 billion.   

Nondefense new orders for capital goods in July increased $3.6 billion or 5.0 percent to $75.8 billion. Shipments decreased $2.3 billion or 3.0 percent to $74.4 billion.  Unfilled orders increased $1.4 billion or 0.2 percent to $693.6 billion.  Inventories increased $1.4 billion or 0.7 percent to $190.5 billion. Defense new orders for capital goods in July increased $1.5 billion or 14.4 percent to $11.8 billion. Shipments decreased $0.3 billion or 2.3 percent to $12.6 billion. Unfilled orders decreased $0.8 billion or 0.5 percent to $155.9 billion. Inventories increased $0.3 billion or 1.3 percent to $24.0 billion.


US Census Bureau | Stefanie Moya | stefanie.moya@tradingeconomics.com
8/26/2019 1:00:09 PM



United States Business Last Previous Highest Lowest Unit
Business Confidence 49.10 51.20 77.50 29.40 Index Points [+]
Manufacturing PMI 50.30 50.40 57.90 50.30 [+]
Services PMI 50.70 53.00 61.00 49.30 Index Points [+]
Non Manufacturing PMI 56.40 53.70 62.00 37.80 [+]
Composite Pmi 50.70 52.60 61.00 50.00 Index Points [+]
Industrial Production 0.40 0.50 62.00 -33.70 percent [+]
Industrial Production Mom 0.60 -0.10 16.60 -10.40 percent [+]
Manufacturing Production -0.40 -0.50 67.90 -39.40 percent [+]
Capacity Utilization 77.88 77.52 89.39 66.69 percent [+]
Durable Goods Orders 2.10 1.80 23.20 -18.40 percent [+]
Durable Goods Orders Ex Defense 1.40 3.10 25.50 -19.20 percent [+]
Durable Goods Orders Ex Transportation -0.40 0.80 6.30 -10.20 percent [+]
Factory Orders Ex Transportation 0.30 -0.10 4.60 -7.00 percent [+]
New Orders 500278.00 493817.00 565232.00 223500.00 USD Million [+]
Factory Orders 1.40 0.50 10.40 -9.70 percent [+]
Business Inventories 0.40 0.00 1.30 -2.00 percent [+]
Changes in Inventories 69.03 116.00 173.21 -245.13 USD Billion [+]
Wholesale Inventories 0.20 -0.10 2.10 -2.00 percent [+]
Bankruptcies 22483.00 22157.00 82446.00 19695.00 Companies [+]
Corporate Profits 1882.97 1791.42 1882.97 14.67 USD Billion [+]
NFIB Business Optimism Index 103.10 104.70 108.80 80.10 Index Points [+]
NY Empire State Manufacturing Index 2.00 4.80 39.00 -34.40 Index Points [+]
Philadelphia Fed Manufacturing Index 12.00 16.80 58.50 -57.90 Index Points [+]
Richmond Fed Manufacturing Index 1.00 -12.00 27.00 -44.00 Index Points [+]
Ism New York Index 50.30 43.50 88.80 23.40 percent [+]
Chicago Fed National Activity Index -0.36 0.03 2.79 -5.28 [+]
Dallas Fed Manufacturing Index 2.70 -6.30 47.60 -59.90 Index Points [+]
Chicago Pmi 50.40 44.40 78.60 21.20 Index Points [+]
Car Production 2.67 2.62 9.92 1.29 Million Units [+]
Car Registrations 417.60 466.07 1149.00 331.50 Thousand [+]
Total Vehicle Sales 16.90 16.80 21.77 9.05 Million [+]
Crude Oil Stocks Change 1.06 -6.91 14.42 -15.22 BBL/1Million [+]
Natural Gas Stocks Change 84.00 78.00 147.00 -359.00 Billion cf [+]
Gasoline Stocks Change 781.00 -682.00 11456.00 -8428.00 Thousand Barrels [+]
Leading Economic Index 128.31 128.29 128.31 46.91 Index Points [+]
Internet Speed 18747.58 17235.62 18747.58 3609.31 KBps [+]
IP Addresses 128949703.00 127873899.00 146874246.00 89399946.00 IP [+]
API Crude Oil Stock Change 0.59 -7.20 14.30 -12.40 BBL/1Million [+]
Crude Oil Rigs 719.00 733.00 1609.00 98.00 [+]
Corruption Index 71.00 75.00 78.00 71.00 Points [+]
Corruption Rank 22.00 16.00 24.00 14.00 [+]
Competitiveness Index 85.64 84.84 85.64 5.42 Points [+]
Competitiveness Rank 1.00 1.00 7.00 1.00 [+]
Ease of Doing Business 8.00 6.00 8.00 4.00 [+]
Steel Production 7514.00 7276.00 11951.00 3799.00 Thousand Tonnes [+]
Kansas Fed Manufacturing Index -2.00 -6.00 37.00 -32.00 Index Points [+]
Mining Production 5.10 5.90 108.20 -28.80 percent [+]


United States Durable Goods Orders

Durable Goods Orders refer to new orders placed with manufacturers for delivery of hard goods which meant to last at least three years. This page provides the latest reported value for - United States Durable Goods Orders - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. United States Durable Goods Orders - actual data, historical chart and calendar of releases - was last updated on September of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
2.10 1.80 23.20 -18.40 1992 - 2019 percent Monthly
Current Prices, SA




Country Last Previous
United States 2.10 Jul/19


Related

Latest