FOR IMMEDIATE RELEASE WEDNESDAY, JULY 29, 2009, AT 8:30 A.M. EDT Chris Savage or Jessica Young Manufacturing and Construction Division (301) 763-4832
M3-1 (09)-06 CB09-122
Advance Report on Durable Goods Manufacturers’ Shipments, Inventories and Orders June 2009 New Orders. New orders for manufactured durable goods in June decreased $4.1 billion or 2.5 percent to $158.6 billion, the U.S. Census Bureau announced today. This decrease followed two consecutive monthly increases including a 1.3 percent May increase. Excluding transportation, new orders increased 1.1 percent. Excluding defense, new orders decreased 0.7 percent. Transportation equipment, down following two consecutive monthly increases, had the largest decrease, $5.3 billion or 12.8 percent to $36.5 billion. Shipments. Shipments of manufactured durable goods in June, down eleven consecutive months, decreased $0.3 billion or 0.2 percent to $168.3 billion. This was the longest streak of consecutive monthly decreases since the series was first published on a NAICS basis in 1992 and followed a 2.6 percent May decrease. Computers and electronic products, down five of the last six months, had the largest decrease, $0.4 billion or 1.6 percent to $27.4 billion.
Unfilled Orders. Unfilled orders for manufactured durable goods in June, down nine consecutive months, decreased $6.6 billion or 0.9 percent to $740.1 billion. This followed a 0.3 percent May decrease. Transportation equipment, down nine consecutive months, had the largest decrease, $5.9 billion or 1.3 percent to $433.3 billion.
Inventories. Inventories of manufactured durable goods in June, down six consecutive months, decreased $3.0 billion or 0.9 percent to $318.8 billion. This followed a 1.1 percent May decrease. Computers and electronic products, down six consecutive months, had the largest decrease, $0.8 billion or 1.7 percent to $44.8 billion.
Capital Goods. Nondefense new orders for capital goods in June decreased $1.8 billion or 3.4 percent to $51.3 billion. Shipments decreased $0.1 billion or 0.1 percent to $55.8 billion. Unfilled orders decreased $4.5 billion or 1.1 percent to $424.8 billion. Inventories decreased $0.7 billion or 0.5 percent to $140.6 billion. Defense new orders for capital goods in June decreased $3.4 billion or 28.3 percent to $8.6 billion. Shipments increased $0.4 billion or 4.3 percent to $10.8 billion. Unfilled orders decreased $2.2 billion or 1.5 percent to $142.2 billion. Inventories decreased $0.1 billion or 0.4 percent to $20.2 billion.
Revised May Data. Revised seasonally adjusted May figures for all manufacturing industries were: new orders, $346.9 billion (revised from $347.9 billion); shipments, $352.9 billion (revised from $353.3 billion); unfilled orders, $746.7 billion (revised from $747.3 billion); and total inventories, $512.8 billion (revised from $513.3 billion).
Figures in text are in seasonally adjusted current dollars. Figures on new and unfilled orders exclude data for semiconductor manufacturing. For data, call (301) 763-4673 or go to . Revised and more detailed estimates, plus nondurable goods data, will be published on August 5, 2009, at 10:00 a.m. EDT. The advance report on durable goods for July is scheduled for release on August 26, 2009, at 8:30 a.m. EDT. See back page for survey description.
2
Table 1. Durable Goods Manufacturers' Shipments and New Orders
[Millions of Dollars]
Monthly
Not Seasonally Adjusted 1 Monthly
Seasonally Adjusted Percent Change
Year to Date
Item Jun 2 2009
May r 2009
Apr 2009
May Jun 2
Apr r May
Shipments………………………….. New Orders4…………………………
168,330 158,571
168,599 162,623
173,180 160,510
-0.2 -2.5
-2.6 1.3
Excluding transportation: Shipments………………………….. New Orders4…………………………
125,882 122,032
126,489 120,739
128,231 119,742
-0.5 1.1
Excluding defense: Shipments………………………….. New Orders4…………………………
154,192 146,513
155,090 147,572
159,795 146,298
Manufacturing with unfilled orders: Shipments………………………….. New Orders4…………………………
122,154 115,582
121,454 119,085
Primary metals: Shipments………………………….. New Orders…………………………
12,015 12,678
Fabricated metal products: Shipments………………………….. New Orders…………………………
Mar Apr
Percent Change 09/08
Jun 2009 2
May r 2009
Jun 2008
-0.7 1.4
184,255 171,322
168,362 159,275
229,644 1,032,675 1,282,702 228,345 953,538 1,300,357
-19.5 -26.7
-1.4 0.8
-0.9 -0.2
137,337 131,502
125,791 119,863
171,670 168,936
769,453 725,467
953,636 947,081
-19.3 -23.4
-0.6 -0.7
-2.9 0.9
-0.9 0.2
169,166 158,945
154,940 146,552
217,059 213,706
954,737 1,214,837 879,489 1,227,964
-21.4 -28.4
124,037 115,426
0.6 -2.9
-2.1 3.2
-2.1 1.7
134,308 124,006
121,165 115,477
167,415 169,528
745,158 687,162
916,754 964,616
-18.7 -28.8
12,071 11,647
12,473 11,668
-0.5 8.9
-3.2 -0.2
-4.9 0.2
13,084 13,726
12,475 11,997
24,441 24,296
78,728 74,921
135,117 137,680
-41.7 -45.6
23,304 22,399
23,229 22,448
23,804 23,009
0.3 -0.2
-2.4 -2.4
-2.7 3.4
24,929 23,493
23,659 23,528
29,564 28,949
143,194 137,367
165,681 170,173
-13.6 -19.3
Machinery: Shipments………………………….. New Orders…………………………
23,243 23,267
23,127 22,297
22,812 20,772
0.5 4.4
1.4 7.3
-3.8 0.2
25,146 24,012
23,195 21,892
31,657 31,707
142,829 132,052
177,649 188,601
-19.6 -30.0
Computers and electronic products: Shipments………………………….. New Orders4…………………………
27,350 24,081
27,793 24,707
28,449 24,177
-1.6 -2.5
-2.3 2.2
3.0 -3.5
30,683 27,304
25,828 22,004
34,809 31,915
164,221 142,230
190,965 163,413
-14.0 -13.0
Computers and related products: Shipments………………………….. New Orders…………………………
4,375 4,578
4,352 4,635
4,376 3,999
0.5 -1.2
-0.5 15.9
-0.4 -7.3
5,368 5,571
3,744 4,027
6,193 6,539
25,558 25,187
30,862 31,102
-17.2 -19.0
Communications equipment: Shipments………………………….. New Orders…………………………
4,722 4,379
4,528 4,911
4,672 4,982
4.3 -10.8
-3.1 -1.4
-2.4 6.8
5,810 5,072
4,224 4,481
7,197 6,720
27,380 28,076
33,803 34,744
-19.0 -19.2
Semiconductors: Shipments………………………….. New Orders4…………………………
3,187 (NA)
3,607 (NA)
4,059 (NA)
-11.6 (NA)
-11.1 (NA)
40.4 (NA)
2,631 (NA)
3,399 (NA)
3,412 (NA)
21,141 (NA)
30,207 (NA)
-30.0 (NA)
Electrical equipment, appliances, and components: Shipments………………………….. New Orders…………………………
8,275 8,014
8,303 7,943
8,613 8,111
-0.3 0.9
-3.6 -2.1
1.5 -0.9
8,969 8,485
8,312 8,090
11,375 12,027
50,398 48,958
63,578 66,173
-20.7 -26.0
Transportation equipment: Shipments………………………….. New Orders…………………………
42,448 36,539
42,110 41,884
44,949 40,768
0.8 -12.8
-6.3 2.7
-0.2 6.3
46,918 39,820
42,571 39,412
57,974 59,409
263,222 228,071
329,066 353,276
-20.0 -35.4
Motor vehicles and parts: Shipments………………………….. New Orders…………………………
22,527 22,419
22,766 22,637
25,030 24,781
-1.0 -1.0
-9.0 -8.7
2.0 1.3
24,462 24,133
23,242 22,896
35,145 34,762
146,582 145,315
212,732 211,418
-31.1 -31.3
Nondefense aircraft and parts: Shipments………………………….. New Orders…………………………
7,301 3,925
7,218 6,384
7,764 3,980
1.1 -38.5
-7.0 60.4
-2.5 -1.3
8,795 4,972
7,249 5,100
10,191 11,214
46,407 21,669
50,587 73,799
-8.3 -70.6
Defense aircraft and parts: Shipments………………………….. New Orders…………………………
6,182 7,065
5,693 5,432
5,302 5,417
8.6 30.1
7.4 0.3
-4.1 1.2
6,743 7,456
5,567 4,500
5,198 5,062
31,712 31,845
25,878 27,523
22.5 15.7
All other durable goods: Shipments………………………….. New Orders…………………………
31,695 31,593
31,966 31,697
32,080 32,005
-0.8 -0.3
-0.4 -1.0
0.3 -0.2
34,526 34,482
32,322 32,352
39,824 40,042
190,083 189,939
220,646 221,041
-13.9 -14.1
Capital goods:3 Shipments………………………….. New Orders…………………………
66,613 59,885
66,235 65,117
66,759 59,890
0.6 -8.0
-0.8 8.7
-1.9 1.3
73,719 64,549
64,768 60,258
84,965 87,829
401,085 354,103
458,777 497,474
-12.6 -28.8
Nondefense capital goods: Shipments………………………….. New Orders…………………………
55,770 51,256
55,835 53,080
56,467 48,648
-0.1 -3.4
-1.1 9.1
-2.8 -3.5
62,389 56,024
54,265 49,971
75,516 76,478
340,965 297,189
406,139 441,681
-16.0 -32.7
Excluding aircraft: Shipments……………………… New Orders……………………..
52,011 51,011
51,963 50,307
52,243 48,241
0.1 1.4
-0.5 4.3
-2.9 -3.5
57,789 55,137
50,181 48,155
69,938 69,878
316,291 299,566
378,721 392,813
-16.5 -23.7
Defense capital goods: Shipments………………………….. New Orders…………………………
10,843 8,629
10,400 12,037
10,292 11,242
4.3 -28.3
1.0 7.1
2.7 28.8
11,330 8,525
10,503 10,287
9,449 11,351
60,120 56,914
52,638 55,793
14.2 2.0
2009
2008
DURABLE GOODS Total:
NA Not Available
r
Revised
1
Shipments and new orders are the totals for the period and are adjusted for trading-day and calendar-month variations; unfilled orders and total inventories are as of the end of the period and are not adjusted for trading-day or calendar-month variations.
2
Based on advance sample. Estimates of manufacturers' shipments, inventories, and orders are subject to survey error and revision. One major component of survey error is nonsampling error, which includes errors of coverage, response and nonreporting. Since the survey panel is not a probability sample, estimates of sampling error cannot be calculated. Further details on survey design, methodology, and data limitations are contained in our most recent annual benchmark publication, Current Industrial Reports: M3-3(07), "Manufacturers' Shipments, Inventories, and Orders: 2004-2007.
3
The Capital Goods Industries include Nondefense : small arms and ordnance; farm machinery and equipment; construction machinery; mining, oil, and gas field machinery; industrial machinery; vending laundry, and other machinery; photographic equipment; metalworking machinery; turbines and generators; other power transmission equipment; pumps and compressors; material handling equipment; all other machinery; electronic computers; computer storage devices; other computer peripheral equipment; communications equipment; search and navigation equipment; electromedical, measuring, and control instruments; electrical equipment; other electrical equipment, appliances, and components; heavy duty trucks; aircraft; railroad rolling stock; ships and boats; office and institutional furniture; and medical equipment and supplies Defense Capital Goods include : small arms and ordnance, communications equipment, aircraft; missiles, space vehicles, and parts, ships and boats, and search and navigation equipmen
4
Data on new and unfilled orders are not available for the semiconductor industry. Estimates and percent changes for new orders and unfilled orders exclude semiconductor industry data. Inventories for semiconductor industry data are included in computers and electronic products and total durable goods industries, but are not shown separately
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Table 2. Durable Goods Manufacturers' Unfilled Orders and Total Inventories
[Millions of Dollars]
Monthly
Seasonally Adjusted Percent Change
Item Jun 2 2009
May 2009 r
Apr 2009
May Jun2
Apr May r
Mar Apr
Not Seasonally Adjusted 1 Monthly Percent Change Jun May Jun 2009/ 2008 2008 2009 2 2009 r
DURABLE GOODS Total: Unfilled Orders4…………………… Total Inventories…………………..
740,140 318,802
746,712 321,766
749,081 325,404
-0.9 -0.9
-0.3 -1.1
-1.1 -1.2
740,757 314,817
751,059 322,943
819,678 330,660
-9.6 -4.8
Excluding transportation: 4 Unfilled Orders …………………… Total Inventories…………………..
306,845 225,383
307,508 228,532
309,651 231,949
-0.2 -1.4
-0.7 -1.5
-1.4 -1.8
308,073 222,425
311,277 229,050
358,673 244,121
-14.1 -8.9
Excluding defense: 4 Unfilled Orders …………………… Total Inventories…………………..
581,822 292,671
586,314 295,519
590,225 299,143
-0.8 -1.0
-0.7 -1.2
-1.6 -1.4
582,090 288,688
589,680 296,538
663,841 306,075
-12.3 -5.7
Manufacturing with unfilled orders: 4 Unfilled Orders …………………… Total Inventories…………………..
740,140 256,301
746,712 258,960
749,081 261,835
-0.9 -1.0
-0.3 -1.1
-1.1 -1.2
740,757 253,338
751,059 260,103
819,678 265,041
-9.6 -4.4
Primary metals: Unfilled Orders……………………. Total Inventories…………………..
14,199 26,347
13,536 27,073
13,960 27,958
4.9 -2.7
-3.0 -3.2
-5.5 -3.6
14,520 26,108
13,878 26,889
29,826 33,543
-51.3 -22.2
Fabricated metal products: Unfilled Orders……………………. Total Inventories…………………..
49,885 38,992
50,790 39,665
51,571 40,410
-1.8 -1.7
-1.5 -1.8
-1.5 -2.4
50,908 38,662
52,344 39,515
63,911 43,445
-20.3 -11.0
Machinery: Unfilled Orders……………………. Total Inventories…………………..
87,657 51,383
87,633 51,684
88,463 52,349
0.0 -0.6
-0.9 -1.3
-2.3 -1.5
87,134 50,557
88,268 51,917
101,339 53,300
-14.0 -5.1
Computers and electronic products: 4 Unfilled Orders …………………… Total Inventories…………………..
123,742 44,787
123,824 45,576
123,303 45,970
-0.1 -1.7
0.4 -0.9
-0.2 -0.7
123,729 43,742
124,477 45,954
124,422 45,427
-0.6 -3.7
Computers and related products: Unfilled Orders……………………. Total Inventories…………………..
3,719 4,343
3,516 4,406
3,233 4,599
5.8 -1.4
8.8 -4.2
-10.4 -2.0
3,719 4,160
3,516 4,568
3,957 4,887
-6.0 -14.9
Communications equipment: Unfilled Orders……………………. Total Inventories…………………..
37,323 9,867
37,666 10,474
37,283 10,327
-0.9 -5.8
1.0 1.4
0.8 0.3
37,450 9,441
38,188 10,588
37,358 9,275
0.2 1.8
Semiconductors: Unfilled Orders4…………………… Total Inventories4………………….
(NA) (NA)
(NA) (NA)
(NA) (NA)
(NA) (NA)
(NA) (NA)
(NA) (NA)
(NA) (NA)
(NA) (NA)
(NA) (NA)
(NA) (NA)
Electrical equipment, appliances, and components: Unfilled Orders……………………. Total Inventories…………………..
20,072 12,970
20,333 13,194
20,693 13,390
-1.3 -1.7
-1.7 -1.5
-2.4 -2.2
20,159 12,857
20,643 13,369
25,659 15,177
-21.4 -15.3
Transportation equipment: Unfilled Orders……………………. Total Inventories…………………..
433,295 93,419
439,204 93,234
439,430 93,455
-1.3 0.2
-0.1 -0.2
-0.9 0.3
432,684 92,392
439,782 93,893
461,005 86,539
-6.1 6.8
Motor vehicles and parts: Unfilled Orders……………………. Total Inventories…………………..
14,616 18,909
14,724 18,951
14,853 19,315
-0.7 -0.2
-0.9 -1.9
-1.6 -2.4
14,382 18,626
14,711 18,968
17,251 23,369
-16.6 -20.3
Nondefense Aircraft and parts: Unfilled Orders……………………. Total Inventories…………………..
283,922 47,617
287,298 47,122
288,132 47,038
-1.2 1.1
-0.3 0.2
-1.3 0.8
283,372 47,005
287,195 47,537
303,827 37,431
-6.7 25.6
Defense Aircraft and parts: Unfilled Orders……………………. Total Inventories…………………..
48,190 15,525
47,307 15,482
47,568 15,543
1.9 0.3
-0.5 -0.4
0.2 2.2
48,360 15,602
47,647 15,591
44,947 14,594
7.6 6.9
All other durable goods: Unfilled Orders……………………. Total Inventories…………………..
11,290 50,904
11,392 51,340
11,661 51,872
-0.9 -0.8
-2.3 -1.0
-0.6 -1.5
11,623 50,499
11,667 51,406
13,516 53,229
-14.0 -5.1
Capital goods: Unfilled Orders……………………. Total Inventories…………………..
566,969 160,743
573,697 161,493
574,815 162,614
-1.2 -0.5
-0.2 -0.7
-1.2 -0.3
566,953 158,418
576,123 162,546
614,154 154,172
-7.7 2.8
Nondefense capital goods: Unfilled Orders……………………. Total Inventories…………………..
424,756 140,584
429,270 141,246
432,025 142,341
-1.1 -0.5
-0.6 -0.8
-1.8 -0.5
424,494 138,338
430,859 142,250
474,357 134,987
-10.5 2.5
Excluding aircraft: Unfilled Orders……………….. Total Inventories………………
176,092 102,502
177,092 103,670
178,748 104,797
-0.6 -1.1
-0.9 -1.1
-2.2 -1.2
176,457 100,760
179,109 104,427
202,876 105,867
-13.0 -4.8
Defense capital goods: Unfilled Orders……………………. Total Inventories…………………..
142,213 20,159
144,427 20,247
142,790 20,273
-1.5 -0.4
1.1 -0.1
0.7 1.0
142,459 20,080
145,264 20,296
139,797 19,185
1.9 4.7
3
See footnotes at end of Table 1