wmeubank@ocp.kcmo.com
ADVANCE REPORT ON
DURABLE GOODS MANUFACTURERS'
SHIPMENTS AND ORDERS
September 1997 (All figures in text below
are in seasonally adjusted current dollars)
New Orders
New orders for manufactured durable goods in September decreased $1.1 billion or 0.6 percent to $185.7 billion, the Department of Commerce, Bureau of the Census reported today. This follows a 2.8 percent August increase and is the first decline since May. Excluding transportation, new orders increased 0.2 percent, the fourth consecutive monthly increase. Year to date, new orders are 6.5 percent above the same period a year ago.
Electronic and other electrical equipment, down three of the last four months, had the largest decrease, $2.6 billion or 7.7 percent to $31.5 billion, due to electronic components. This follows a 29.4 percent August increase. Transportation equipment, down two of the last three months, decreased $1.4 billion or 3.3 percent to $42.0 billion, due to declines in aircraft and parts and motor vehicles and parts. This follows a 4.0 percent August increase. Primary metals increased $0.7 billion or 4.3 percent to $16.6 billion, following a 2.0 percent August decrease. This is the third increase in the last four months and the seventh this year. Industrial machinery and equipment, up three of the last four months, increased $0.5 billion or 1.5 percent to $35.1 billion. This follows a 1.4 percent August decrease.
Shipments
Shipments of durable goods in September, up three of the last four months, increased $3.8 billion or 2.1 percent to $185.2 billion, following a 1.3 percent August decrease. Year to date, shipments are 7.6 percent above the same period a year ago.
Industrial machinery and equipment, up three of the last four months, had the largest increase, $0.9 billion or 2.7 percent to $35.0 billion. This follows a 2.6 percent August decrease. Electronic and other electrical equipment, up four of the last five months, increased $0.9 billion or 2.9 percent to $31.1 billion. This follows a 2.9 percent August increase. Transportation equipment increased $0.4 billion or 0.9 percent to $43.2 billion, as increases in aircraft and parts and railroad equipment more than offset a decline in motor vehicles and parts. This follows a 2.7 percent August decrease and is the third increase in the last four months. Primary metals, up three of the last four months, increased $0.1 billion or 0.9 percent to $15.5 billion, following a 1.1 percent August decline. Instruments and related products, up three of the last four months, also increased.
Unfilled Orders
Unfilled orders for durable goods in September increased $0.5 billion or 0.1 percent to $501.8 billion. This follows a 1.1 percent August increase and is the fourth increase in the last five months.
Primary metals, up for the ninth consecutive month, had the largest increase, $1.1 billion or 3.4 percent to $33.4 billion, following a 1.7 percent August increase. Electronic and other electrical equipment, up four of the last five months, increased $0.4 billion or 0.7 percent to $55.7 billion. This follows a 7.6 percent August increase. Industrial machinery and equipment, up for the third consecutive month, increased $0.2 billion or 0.3 percent to $73.7 billion, following a 0.8 percent August increase. Transportation equipment decreased $1.2 billion or 0.5 percent to $249.1 billion, due to aircraft and parts. This follows a 0.3 percent August increase and is the second decrease in the last three months. Instruments and related products declined for the second consecutive month.
Capital Goods Industries
Defense–New orders in September, down four of the last five months, decreased $0.4 billion or 7.9 percent to $5.2 billion, following a 4.9 percent August decrease. Shipments, also down four of the last five months, decreased 0.5 percent to $6.1 billion, following a 3.6 percent August decrease. Unfilled orders, down for the ninth consecutive month, decreased $0.8 billion or 0.8 percent to $106.4 billion, following a 0.4 percent August decrease.
Nondefense–New orders in September, up for the fifth consecutive month, increased $0.7 billion or 1.5 percent to $48.6 billion, following a 1.0 percent August increase. Shipments, up three of the last four months, increased $1.7 billion or 3.6 percent to $48.6 billion. This follows a 2.4 percent August decrease. Unfilled orders, up three of the last four months, increased $0.1 billion to $252.6 billion, following a 0.4 percent August increase. Excluding aircraft and parts, new orders increased $2.4 billion or 6.1 percent to $42.4 billion, the third increase in the last four months; shipments increased $1.3 billion or 3.3 percent to $41.3 billion, the seventh increase in the last eight months; and unfilled orders increased $1.2 billion or 1.2 percent to $100.3 billion, the third consecutive monthly increase.
Revised August Data
Revised seasonally adjusted August figures for all manufacturing industries are: shipments, $330.8 billion (revised from $330.4 billion); new orders, $335.9 billion (revised from $335.5 billion); unfilled orders, $527.3 billion (revised from $527.2 billion); and total inventories, $449.0 billion (revised from $448.5 billion).
Seasonally Adjusted
(millions of dollars)
Sep-X Aug-R Jul Shipments, total 185,250 181,429 183,827 ex. defense 179,168 175,314 177,481 New Orders, total 185,733 186,808 181,679 ex. defense 180,494 181,122 175,702 Unfilled Orders, total 501,825 501,342 495,963 ex. defense 395,440 394,114 388,306 Capital Goods, new orders 53,874 53,586 53,389 nondefense 48,635 47,900 47,412 excl. aircraft & parts 42,446 40,021 42,136 defense 5,239 5,686 5,977
Seasonally Adjusted Percent Change
Aug- Jul- Jun- Sep-X Aug-R Jul Shipments, total +2.1% —1.3% +1.7% ex. defense +2.2% —1.2% +2.0% New Orders, total —0.6% +2.8% +0.1% ex. defense —0.3% +3.1% +0.1% Unfilled Orders, total +0.1% +1.1% —0.4% ex. defense +0.3% +1.5% —0.5% Capital Goods, new orders+0.5% +0.4% —0.2% nondefense +1.5% +1.0% +0.4% excl. aircraft & parts +6.1% —5.0% +6.6% defense —7.9% —4.9% —4.7%
X–Based on advance sales.
R–Revised.
October 29, 1997U.S. Department of Commerce
Added to the WWW 10-31-97
Last updated on 11-01-97
Hosted by:
One Crossroads Place
610 West Maple Ave, Suite WWW
Independence, MO 64050
(816) 252-4080
sysop@kcmo.com