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Fri, 12/24/2010 - 12:05 by Rich Smith
To every rule there is an exception. But month after month, when all you see is exceptions, you've got to start to wonder: Is this a new rule? This morning, the Census Bureau released its monthly tally of U.S. durable goods orders. Here's the rundown:
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Wed, 08/11/2010 - 05:37 by Prince damin
Washington -- U.S. wholesale inventories rose 0.1 percent in June from May while sales fell 0.7 percent, the U.S. Department of Commerce said Tuesday.
For the month, sales of durable goods were down 0.2 percent, while non-durable goods sales on the wholesale level were down 1.1 percent, largely due to a decline in petroleum sales, which fell 5.5 percent.
Inventory for durable goods rose 0.3 percent, while non-durable goods inventories dropped 0.2 percent at the end of the month.
The inventory-to-sales ratio for June was 1.15, indicating it would take 1.15 months to sell off the inventory in warehouses at the current pace of business activity.
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Wed, 03/24/2010 - 21:44 by Inderjit Singh
Washington -- U.S. durable goods orders rose slightly in February, enough to call it the third consecutive month orders rose, the Commerce Department reported Thursday.
New orders rose 0.5 percent in February, shy of the consensus forecast of a 0.9 percent rise and short of January's 3 percent increase.
Gains were inconsistent with a 1.9 percent drop in new vehicle orders and a 0.6 percent drop in orders for computers. Non-defense aircraft orders rose 32.7 percent after a surging 134.9 percent gain in January from December.
Total orders for durable goods, defined as goods expected to last a minimum of three years, rose $900 million to $178.1 billion.
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Thu, 02/25/2010 - 21:55 by Inderjit Singh
Washington -- U.S. durable goods orders rose 3 percent in January, twice the increase economists had predicted, the Commerce Department reported Thursday.
Economists forecast a 1.5 percent bump in orders for goods expected to last a minimum of three years. But economists also expected the rise in durable goods orders excluding transportation to climb 1.2 percent. Instead, by ignoring the more volatile transportation sector, durable goods orders dropped 0.6 percent.
Take out defense spending and new orders rose 1.6 percent, the department said.
For raw numbers, new orders in total jumped $5.2 billion to $175.7 billion.
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Wed, 11/25/2009 - 22:40 by Inderjit Singh
Washington -- U.S. durable goods orders fell 0.6 percent in October, dropping contrary to expectations, the Commerce Department reported Wednesday.
Economists had forecast a rise of 0.5 percent. Instead, new orders dropped by $1 billion to $166.2 billion, the report said.
The decline follows September's 2 percent rise in new orders for goods expected to last more than three years.
Excluding transportation goods -- planes, trains and automobiles -- new orders dropped 1.3 percent. Excluding defense spending, new orders rose 0.4 percent after rising 0.5 percent in September.
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Wed, 10/28/2009 - 20:14 by Inderjit Singh
Washington -- U.S. durable goods orders rose less than expected in September, climbing 1 percent, the Commerce Department reported Wednesday.
After dropping 2.6 percent a month ago, new orders rose by $1.6 billion to $165.7 billion. However, it was considerably less than the consensus prediction of a 1.5 percent rise, which meant the weaker number is likely to influence stock markets Tuesday.
Excluding planes, trains and automobiles, new orders for durable goods -- goods intended to last at least three years -- rose 0.9 percent.
Excluding defense spending, new orders rose 0.5 percent.
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Wed, 06/24/2009 - 22:39 by Shruti Sharma
Washington -- U.S. durable goods orders rose for the third month out of the last four, the U.S. Commerce Department reported Wednesday.
New orders for manufactured durable goods -- products expected to last more than three years -- rose 1.8 percent in the month to $163.9 billion.
Shipments of durable goods fell for the 10th consecutive month, the longest continued downturn since 1992.
Shipments fell 2.1 percent to $169.9 billion.
Unfilled orders, down for eight consecutive months, dropped 0.3 percent to $747.5 billion, while inventories fell 1.1 percent to $323.3 billion, Commerce said.
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Fri, 04/24/2009 - 23:01 by Shruti Sharma
Washington -- Durable goods orders decreased by 0.8 percent in the United States in March, not as much as economists had expected, the U.S. Commerce Department reported.
The monthly report said new orders for manufactured durable goods -- products expected to last more than three years -- dropped to $1.61.2 billion.
Economists had expected a 1.4 percent drop.
Shipments of durable goods, down eight consecutive months, continued the trend, dropping 1.7 percent to $175 billion. Unfilled orders, down for six consecutive months, fell 1.4 percent to $760.3 billion, Commerce said.
As manufacturers adjust to slower demand, warehouses' inventories fell 1.1 percent to $331.6 billion following a 1.3 percent drop in February, Commerce said.
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Wed, 03/25/2009 - 22:32 by Shruti Sharma
Washington -- Durable goods orders rose in the United States in February for the first time in six months, climbing after a sharp decline in January, the government said.
New orders for manufactured durable goods -- products expected to last more than three years -- rose 3.4 percent to $165.6 billion in February after falling 7.3 percent in thhttp://www.themoneytimes.com/09/node/add/newse previous month.
New orders for non-defense and defense orders both rose, increasing 7.4 percent and 35.3 percent, respectively.
The figures, well ahead of market predictions, which forecast a decline, helped push equities up Wednesday morning.
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