Durable Goods - Up Slightly

New Orders
New orders for manufactured durable goods in May increased slightly to $213.6 billion, the U.S. Census Bureau announced today. This was the first increase in three months and followed a 1.0 percent April decrease. Excluding transportation, new orders decreased 0.9 percent. Excluding defense, new orders decreased 0.6 percent.
Shipments
Shipments of manufactured durable goods in May, down three of the last four months, decreased $2.3 billion or 1.1 percent to $211.3 billion. This followed a 1.8 percent April increase.
Unfilled Orders
Unfilled orders for manufactured durable goods in May, up twenty-seven of the last twenty-eight months, increased $7.1 billion or 0.9 percent to $810.2 billion. This was at the highest level since the series was first stated on a NAICS basis in 1992 and followed a 0.7 percent April increase.
Inventories
Inventories of manufactured durable goods in May, up ten of the last eleven months, increased $1.4 billion or 0.4 percent to $330.4 billion. This was also at the highest level since the series was first stated on a NAICS basis in 1992 and followed a 0.6 percent April increase.
Capital Goods Industries
Nondefense
Nondefense new orders for capital goods in May increased $0.3 billion or 0.4 percent to $73.9 billion.
Defense
Defense new orders for capital goods in May increased $0.9 billion or 10.9 percent to $9.5 billion.

Another positive is new orders for computers&electronic products (+2.0%) and electrical equipment, appliances and components (+ 1.5%). Tim