Posted October 5, 2023

August new orders up by a hair

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.

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% to $37.8 billion.

August 2023 new orders