facebook
twitter
rss
account
search
search
 

Orders for durable goods rose in August

Sept. 25, 2013 at 9:59 AM   |   Comments

WASHINGTON, Sept. 25 (UPI) -- New orders for durable goods rose from July to August, pushed by fresh demand for transportation equipment, the U.S. Commerce Department said Wednesday.

Durable goods orders rose 0.1 percent to $224.9 billion, slightly ahead of expectations.

The consensus forecast called for new durable goods orders to remain flat.

New orders, up for four of the past five months, returned to the recent trend after an 8.1 percent drop in July.

The U.S. Census Bureau said orders for big-ticket transportation items -- ships, trucks, planes and railroad cars -- rose 0.7 percent, or by $500 million, to $67.9 billion with a noteworthy gain in motor vehicles and parts, which rose by $1.1 billion.

Excluding transportation orders, new orders for U.S. factories fell 0.1 percent. Without defense orders considered, new orders rose 0.5 percent, the Commerce Department said.

Shipments of durable goods -- goods expected to last three years or more -- rose after two months of declines, climbing 0.9 percent to $231.5 billion, the highest level since 1992, when accounting rules were changed.

Factories reported an increase in unfilled orders, which rose by $400 million to $1.03 trillion, which is also a modern peak for the category.

Inventories rose 0.1 percent, or by $300 million to $379.1 billion, a post-1992 record.

© 2013 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Most Popular
1
Fireball Cinnamon Whisky recalled in Europe for antifreeze ingredient Fireball Cinnamon Whisky recalled in Europe for antifreeze ingredient
2
Eni makes major oil find offshore Congo Eni makes major oil find offshore Congo
3
U.S. average gas price headed below $3 U.S. average gas price headed below $3
4
U.S. sinks $25 million in funding for renewables U.S. sinks $25 million in funding for renewables
5
WTI, Brent search for traction WTI, Brent search for traction
Trending News
Around the Web
x
Feedback