New orders for manufactured durable goods in September 2012 increased 9.9 percent, to $218.2 billion. Excluding transportation, new orders rose 2.0 percent. Overall shipments increased 0.8 percent. Capital goods shipments rose 1.7 percent. Unfilled orders grew 0.2 percent. And inventories increased 0.3 percent in September.
Advance Report on Durable Goods is a monthly report, with revisions, released by the Economics & Statistics Administration, United States Department of Commerce, from data gathered by the U.S. Census Bureau measuring 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. The Census Bureau's report on strong factory orders includes revised and more detailed estimates of durable goods shipments and orders, plus estimates of nondurable goods shipments and orders.
Chris Bryant, MBA, RFC® is founder & CEO of Bryant Wealth Management, Inc., an independent, fee-only, registered investment adviser. Since 1999, Chris has devoted himself to the practice of financial services – helping people make money, save money, protect money, have convenience and peace of mind. Connect with Chris@BryantWealthManagement.com.
Chris Bryant is an American financial advisor.