Banking

New Orders for Manufactured Durable Goods Increase in August

New orders for produced long lasting items in August increased $4.6 billion or $1.8% to $263.5 billion, the U.S. Census Bureau revealed today. This boost, up fifteen of the last sixteen months, followed a 0.5% July boost. Excluding transport, brand-new orders increased 0.2%. Excluding defense, brand-new orders increased 2.4%.

Shipments of produced long lasting items in August, reduced 0.5% or $1.2 billion. This followed a 2.0% June boost. Transportation devices, down following 2 successive month-to-month boosts, drove the reduction, $2.0 billion or 2.7% to $73.5 billion.

Inventories of produced long lasting items in August, up 7 successive months, increased $3.4 billion or 0.8% to $457.9 billion.

Read the Census release.

Gabriel

A news media journalist always on the go, I've been published in major publications including VICE, The Atlantic, and TIME.

Related Articles

Back to top button

Adblock Detected

Please turn off the Adblocker