Machinery Orders, Shipments, Inventories Rising in 2017

AutoInformed.com on Durable Goods and Consumer Confidence

Economy continues to recover from Republican mauling over “deregulation” idiot-ology.

The U.S. Census Bureau* released its monthly advance report on manufacturers’ shipments, inventories and orders for February 2017 that says new orders for manufactured durable goods in February 2017 rose 1.7% to $235.4 billion. Excluding transportation, new orders increased 0.4%. Shipments rose 0.3%. Unfilled orders were virtually unchanged, and inventories rose 0.2%. Capital goods new orders increased 2.6% and shipments increased 0.6%.

Durable goods long life products – washing machines or arguably vehicles – that last a longtime. As such they are used as leading indicators of consumer confidence or considered a predictor for recessions.

Machinery is the industry that led the increase in durable goods shipments. Shipments increased 0.9% to $31.1 billion. This increase, up three of the last four months, followed a 1.1% January decrease, however. New orders of machinery in February increased 0.1% to $31.5 billion. This increase, up 11 of the last 12 months, followed a 1.0% January increase. Unfilled orders of machinery grew 0.4% to $93.7 billion. This increase, up four of the last five months, followed a 0.6% January increase. Inventories of machinery rose 0.2% to $66.3 billion. This increase, up three of the last four months, followed a 0.1% January decrease.

See Advance Report on Durable Goods. Information on the survey methodology is also available.

*Source: U.S. Census Bureau, Manufacturers’ Shipments, Inventories and Orders. Statistical significance is not measurable for this survey. The Manufacturers’ Shipments, Inventories, and Orders estimates are not based on a probability sample, so the sampling error of these estimates cannot be measured nor can the confidence intervals be computed. Data adjusted for seasonal variation but not for price changes.

 

About Ken Zino

Ken Zino is an auto industry veteran with global experience in print, broadcast and electronic media. He has auto testing, marketing, public relations and communications expertise garnered while working in Asia, Europe and the U.S.
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