In October 2012, new orders for manufactured durable goods increased to $216.9 billion. Excluding transportation, new orders rose 1.5 percent. Overall shipments decreased 0.6 percent. Capital goods shipments fell 0.7 percent. Unfilled orders grew 0.2 percent. Inventories increased 0.4 percent.
Advance Report on Durable Goods is a monthly report, with revisions released by the Economics & Statistics Administration, U.S. Department of Commerce, from data gathered by the Unite States Census Bureau measuring the 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 Manufacturers’ Shipments, Inventories, and Orders (M3) survey provides broad-based, monthly statistical data on economic conditions in the domestic manufacturing sector. The survey measures current industrial activity and provides an indication of future business trends.
Chris Bryant, MBA, RFC® is founder & CEO of Bryant Wealth Management, Inc., an independent, fee-only, registered investment adviser providing financial planning services to individuals. 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 by E-mail.
Chris Bryant is an American financial advisor.