Durable Goods Orders Fell 18.2% in Aug., Led by Notable Capital Goods Drop

August Durable Goods Orders -18.2% vs -18% Expected, Ex-Trans 0.7% vs 0.6%

UPDATE - More from the U.S. Department of Commerce:

New orders for manufactured durable goods in August decreased $54.5 billion or 18.2 percent to $245.4 billion, the U.S. Census Bureau announced today. This decrease, down following two consecutive monthly increases, followed a 22.5 percent July increase. Excluding transportation, new orders increased 0.7 percent. Excluding defense, new orders decreased 19.0 percent.

Shipments of manufactured durable goods in August, down following two consecutive monthly increases, decreased $3.7 billion or 1.5 percent to $246.1 billion. This followed a 3.7 percent July increase.

Inventories of manufactured durable goods in August, up sixteen of the last seventeen months, increased $1.7 billion or 0.4 percent to $403.0 billion. This was at the highest level since the series was first published on a NAICS basis and followed a 0.4 percent July increase.

Nondefense new orders for capital goods in August decreased $49.5 billion or 36.3 percent to $86.8 billion. Shipments increased $0.1 billion or 0.2 percent to $79.7 billion. Unfilled orders increased $7.1 billion or 1.0 percent to $731.8 billion. Inventories increased $0.6 billion or 0.3 percent to $184.1 billion.

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