New orders for manufactured durable goods in August 2012 decreased 13.2 percent to $198.5 billion. Excluding transportation, new orders fell 1.6 percent. Overall shipments fell 3.0 percent. Capital goods shipments declined 1.7 percent. Unfilled orders fell 1.7 percent. Inventories grew 0.6 percent in August.
Advance Report on Durable Goods is a monthly report (with revisions) released by the Economics and Statistics Administration from data collected by the U.S. Census Bureau. This report is a measure of the number of orders for a broad range of products—from computers and furniture to autos and defense aircraft—with an expected life of at least three years.
Chris Bryant, MBA, RFC® is founder & CEO of Bryant Wealth Management, Inc., an independent, fee-only registered investment adviser.
Chris Bryant is an American financial advisor.