• Prior month +7.6%

  • New Orders: Fell by 6.3% to $296.3B after four months of gains;

    • Ex-transportation: Up 0.2%

    • Ex-defense: Down 7.5%

    • Transportation equipment: Dropped 17.1% to $98.8B, driving the headline decline

  • Shipments: Rose by 0.4% to $300.6B, the fifth straight monthly gain

    • Transportation equipment shipments: Increased 1.4% to $97.8B, driving the overall rise

Unfilled Orders:

  • Rose $0.6B to $1,408.5B (virtually unchanged); up 11 of the last 12 months

  • Transportation equipment: +$1.0B (+0.1%) to $850.9B (main driver)

Inventories:

  • Increased $0.9B (+0.1%) to $586.7B; 7th consecutive monthly rise

  • Transportation equipment: +$0.3B (+0.1%) to $188.5B

Nondefense Capital Goods:

  • New orders: Decreased $20.7B (−19.1%) to $87.3B

  • Shipments: Increased $3.0B (+3.5%) to $87.4B

  • Unfilled orders: Down $0.1B (virtually unchanged) to $815.5B

  • Inventories: Decreased $0.3B (−0.1%) to $249.2B

Defense Capital Goods:

  • New orders: Increased $3.3B (+30.5%) to $14.1B

  • Shipments: Up $0.1B (+1.0%) to $13.9B

  • Unfilled orders: Rose $0.3B (+0.1%) to $198.9B

  • Inventories: Increased $0.3B (+1.0%) to $26.6B

Source: Forex Live