Date: February 04, 2022
December new orders for manufactured durable goods declined $1.9 billion or 0.7 percent to $268.2 billion, up from the previously reported 0.9 percent decline. This follows a 3.2 percent gain in November. Transportation equipment fell $3.1 billion or 3.7 percent to $80.3 billion in three of the past four months to $262.5 billion. New orders for manufactured nondurable products declined by $0.5 billion, or 0.2 percent to $262.5 billion.
Shipments of manufactured durable goods grew $2.6 billion or 1.0 percent to $266.4 billion in December, up seven of the last eight months, above the previously reported 0.8 percent gain. This follows a 0.8% gain in November. Transportation equipment increased $1.0 billion or 1.2 percent to $77.6 billion, the third consecutive month of growth. Shipments of manufactured nondurable products declined $0.5 billion or 0.2 percent to $262.5 billion, following nine consecutive months of growth. This follows a 0.5% gain in November. Petroleum and coal products decreased $1.2 billion or 2.1 percent to $56.6 billion, following seven consecutive monthly rises.
Unfilled orders for manufactured durable goods climbed $6.2 billion or 0.5 percent to $1,267.7 billion in December, unchanged to the previously announced rise. This follows a 0.8% gain in November. Transportation equipment increased by $2.7 billion or 0.3 percent to $835.0 billion in ten of the past eleven months.
Inventories of manufactured durable goods rose $3.5 billion or 0.8 percent to $473.9 billion in December, above the previously reported 0.7 percent rise. This follows a 0.8% gain in November. Machinery, which has increased for fourteen straight months, led the rise, which totaled $78.5 billion, up $0.9 billion or 1.1 percent. Inventories of manufactured nondurable goods declined $1.3 billion or 0.4 percent to $299.1 billion, following fourteen consecutive monthly rises. This follows a 0.8% gain in November. Petroleum and coal products decreased $2.9 billion or 6.3 percent to $43.2 billion, following seven consecutive monthly rises. By stage of fabrication, December materials and supplies grew 1.0 percent in durable items and declined 1.4 percent in nondurable goods. For durable goods, work in process climbed by 0.8 percent, while nondurable goods had a 1.2 percent decline. Finished durable goods climbed by 0.3 percent, while finished nondurable items increased by 0.6 percent.
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