US Manufacturers' Shipments, Inventories, and Orders

Data Industry

Source: Census Bureau
Source Link: https://www.census.gov/
Frequency: Monthly
Next Release(s): December 5th, 2025 10:00 AM

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US durable goods new orders increased 0.5% MoM (vs 0.3% MoM expected) in September, adding to the 3.0% MoM increase in August.
- Ex transport orders were up 0.6% MoM (vs 0.2% MoM expected), continuing a string of moderately strong gains in August (+0.5% MoM) and July (+0.9% MoM).
- By segment, growth was strongest in primary metals (+1.4% MoM), electrical equipment (+1.5% MoM), and fabricated metal products (+0.5% MoM).
- Core capital goods shipments and new orders were both up 0.9% MoM, and on an annual basis, are up 1.5% YoY and 2.7% YoY, respectively.
- Core capital goods unfilled orders increased just 0.1% MoM and were up 0.6% YoY.
- Core capital goods inventories jumped 0.4% MoM and were up 2.5% YoY, fueled by machinery (+0.4% MoM) and primary metal (+0.4% MoM) inventory growth.
Manufactured goods new orders increased 1.4% MoM and 3.3% YoY in August, up from the -1.3% MoM decline in July.
- Capital goods orders jumped 4.7% MoM, heavily impacted by nondefense aircraft orders. Nondefense capital goods (ex-aircraft) orders were up 0.4% MoM and 2.3% YoY.
- Consumer goods new orders were flat and down -0.9% MoM in August with consumer durables up 0.7% MoM and consumer nondurables down -0.2% MoM.
- Manufacturing shipments fell -0.1% MoM in August after a strong 0.9% MoM increase in July with core capital goods shipments down -0.4% MoM (but still up 1.0% YoY).
- Unfilled orders were up 0.6% MoM and 7.7% YoY, but again, this was fueled by nondefense aircraft orders. Core capital goods unfilled orders were up just 0.1% MoM and 0.6% YoY.
- Unfilled orders for computers and related products fell -1.8% MoM, the 3rd straight monthly decline, and were down -10.0% YoY.
- Manufacturing inventories were flat in August and up 1.4% YoY, with inventory growth driven by construction materials up 2.1% YoY and computers & related products up 6.3% YoY.
- Core capital goods inventories were up 2.0% YoY, and consumer goods inventories were only up 0.5% YoY.
US manufacturing durable goods new orders were up 2.9% MoM (vs -0.5% MoM expected) and 7.1% YoY in August, driven by strong transport equipment new orders.
- Excluding transportation, durable goods new orders were up 0.4% MoM and 1.9% YoY, ahead of expectations of no growth.
- Fabricated metal products (+0.7% MoM) and machinery (+1.3% MoM) both saw strong monthly growth, building on strong gains in July.
- Nondefense capital goods (ex-aircraft) new orders were up 0.6% MoM in August after a 0.8% MoM rise in July.
- Core capital goods shipments were a bit weaker than new orders, dropping -0.3% MoM, as a results core capital goods unfilled orders increased 0.2% MoM.
- In total, durable goods unfilled orders jumped 0.7% MoM and were up a sharp 7.7% YoY.
US manufacturing new orders fell -1.3% MoM in July after a -4.8% MoM drop in June with durable goods new orders down -2.8% MoM and non-durable goods new orders up 0.3% MoM.
- Excluding transportation, new orders were actually up 0.6% MoM in July and 0.4% MoM in June.
- Within industries, primary metals (+1.6% MoM), machinery (+1.9% MoM), and electrical equipment (+1.9% MoM) all saw robust new order growth.
- Total manufacturing shipment growth was 0.9% MoM in July, even faster than the 0.6% MoM increase in June.
- The nondefense capital goods (ex-aircraft) segment saw shipments up for the third straight month, growing 0.7% MoM, and the segment also saw robust new order growth at 1.1% MoM.
- Manufacturing unfilled orders were up 7.1% MoM due to large aircraft unfilled orders. The core capital goods segment only saw unfilled orders up 0.4% MoM.
US durable goods new orders fell -2.8% MoM in July, better than the -4.0% MoM expected drop and an improvement over the -9.4% MoM drop in June.
- New orders (ex-transport) were up 1.1% MoM (vs 0.2% MoM expected), growing alongside a simialr 1.0% MoM increase in shipments (ex-transport).
- New order growth was strongest in primary metals (+0.9% MoM), electrical equipment & components (+2.0% MoM), and computers & electronics products (+0.6% MoM).
- Transport equipment orders saw another sharp decline, dropping -9.7% MoM as aircraft orders continue to come down from the May surge.
- Nondefense capital goods (ex-aircraft) orders jumped 1.1% MoM (vs 0.2% MoM expected), and orders for the core capital goods category were up 0.7% MoM.
- Overall, durable goods unfilled orders are up 7.1% YoY, driven by a large backlog in the aircraft segment.
- Core capital goods unfilled orders are only up 0.4% YoY, while inventories are up 2.2% YoY.
US manufacturing new orders dropped -4.8% MoM in June, after rising 8.3% MoM in May, driven by a sharp decline in transportation equipment orders.
- Excluding transportation, manufacturing orders were up 0.4% MoM and 0.6% YoY.
- Durable goods orders dropped -9.4% MoM, and were partially offset by an 0.5% MoM rise in nondurable goods orders.
- Nondefense capital goods (ex-aircraft) dropped -0.8% MoM after a 1.9% MoM rise previously. Shipments in the category were up just 0.3% MoM.
- Total manufacturing unfilled orders continued their gains, rising 1.0% MoM and 7.2% YoY with capital goods unfilled orders up 1.4% MoM and 9.8% YoY.
US durable goods new orders fell -9.3% MoM (vs -10.8% MoM expected) to $311.8 billion in June 2025, after a sharp +16.5% MoM gain in May, driven by a steep drop in transportation equipment.
- Ex-transportation new orders rose +0.2% MoM, while ex-defense orders declined -9.4% MoM.
- Transportation equipment orders dropped -22.4% MoM to $113.0 billion, subtracting the full amount of the monthly decline.
- Core capital goods orders (nondefense ex-aircraft) fell -0.7% MoM (vs +0.2% MoM expected), signaling softening business investment.
- Core capital goods unfilled orders fell -0.1% MoM and were only up 0.1% YoY while inventories saw a sizeable 0.3% MoM build, up 1.9% YoY.
- Shipments of durable goods rose +0.5% MoM; ex-transportation shipments were up +0.3% MoM.
Manufactured goods new orders jumped 8.2% MoM in May, in line with expectations and driven by a 16.4% MoM increase in durable goods new orders.
- Ex-transport new orders were up 0.2% MoM as nondurable goods new orders were only up 0.1% MoM.
- Nondefense capital goods (ex-aircraft) new orders were up 1.7% MoM in May after falling -1.5% MoM in April.
- New orders for consumer goods were only up 0.2% MoM, and orders for construction materials dropped -0.8% MoM.
- Unfilled orders increased 3.4% MoM as a result of a surge in aircraft orders. Inventories edged up 0.1% MoM and 0.8% YoY.
US durable goods new orders surged +16.4% MoM in May 2025 to $343.6 billion, rebounding sharply from a revised -6.6% MoM (down from -6.3% MoM) drop in April, driven primarily by a spike in aircraft and capital goods orders.
- Ex-transportation new orders rose +0.5% MoM, with gains in computers & electronics (+1.5% MoM), fabricated metals (+0.7% MoM), and electrical equipment (+0.8% MoM).
- Transportation equipment new orders jumped +48.3% MoM, led by nondefense aircraft & parts (+230.8% MoM) and defense aircraft (+2.1% MoM).
- Nondefense capital goods ex-aircraft orders were up +1.7% MoM after a -1.4% MoM decline previously.
- Shipments of durable goods rose +0.2% MoM. Ex-transport durable goods shipments were also up 0.2% MoM.
New orders for manufactured goods fell -3.7% MoM in April, below expectations of a -3.0% MoM drop and the first decline in five months, following a revised 3.4% MoM jump in March.
- Durable goods orders dropped -6.3% MoM after rising 7.6% in March and were up 4.2% YoY.
- Orders excluding transportation edged down -0.5% MoM, indicating broader softness beyond volatile categories.
- Nondurable goods orders were down -0.9% MoM in April after a -0.7% MoM drop in March, and are now negative on an annual basis at -0.1% YoY.
- Shipments declined -0.3% MoM, heavily affected by a -1.7% MoM drop in consumer goods shipments which offset a 3.1% MoM increase in capital goods shipments.
- Nondefense capital goods (ex-aircraft) shipments edged down -0.1% MoM and -0.4% YoY.
US durable goods new orders dropped -6.3% MoM in April, better than the expected drop of -7.8% MoM.
- Ex transport new orders saw a slight gain of 0.2% MoM (vs -0.1% MoM expected).
- The machinery (+1.0% MoM), fabricated metal products (+0.8% MoM), and electronics (+1.0% MoM) all saw strong monthly new order gains.
- Transport equipment new orders fell -17.1% MoM with motor vehicle orders down -2.9% MoM and nondefense aircraft & parts orders down -51.5% MoM.
- Nondefense capital goods (ex-aircraft) dropped -1.3% MoM, the largest drop since October 2024. Shipments were also weak, down -0.1% MoM and -0.4% YoY.
- Despite the sharp monthly decline in April, durable goods new orders were up 4.2% YoY, and shipments were up 0.4% MoM and 1.9% YoY.
- Ex transport durable goods unfilled orders fell -0.1% MoM, and inventories increased 0.2% MoM (for the second month in a row).
US manufacturing new orders increased 4.3% MoM in March, slightly below expectations of a 4.5% MoM but still the strongest monthly increase since July 2024.
- Excluding transportation, new orders was down -0.2% MoM and up just 0.8% YoY.
- Durable goods new orders grew 9.2% MoM, in line with the advance estimate, non-durable goods new orders fell -0.3% MoM.
- Total manufactured goods shipments fell -0.1% MoM as a result of weak capital goods shipments (-1.6% MoM).
- On the other hand, core capital goods (nondefense, ex-aircraft) shipments were up 0.2% MoM, and consumer goods shipments were up 0.1% MoM.
- Total manufactured goods inventories increased just 0.1%, subdued by a -1.4% MoM decline in auto inventories due to strong buying in March.