2% rise in new orders led by machinery
New orders for manufactured durable goods in August, up five of the last six months, increased $0.5 billion or 0.2% to $284.7 billion, the U.S. Census Bureau announced September 27 in its Monthly Advance Report on Durable Goods Manufacturers' Shipments Inventories and Orders.
This followed a 5.6% July decrease.
Excluding transportation, new orders increased 0.4%. Excluding defense, new orders decreased 0.7%.
Machinery, up four of the last five months, led the increase, $0.2 billion or 0.5 percent to $37.8 billion.
INDUSTRIAL SUPPLY MAGAZINE
The November/December issue of Industrial Supply magazine features an in-depth cover story about Kimball Midwest. Plus, we're featuring articles by contributing writers Dirk Beveridge, Frank Hurtte, and Mike Marks, as well as interviews with numerous product and distribution industry experts.
