New orders for manufactured durable goods increased $7.5 billion, or 3.8 percent, to $207 billion during November, according to the U.S. Census Bureau. Excluding transportation, new orders increased 0.3 percent. Excluding defense, new orders increased 3.7 percent.
Transportation equipment, up following two consecutive monthly decreases, had the largest increase, $7 billion, or 14.7 percent, to $54.4 billion. Shipments of manufactured durable goods decreased $800 million, or 0.4 percent, to $202.8 billion. This followed a 1.5 percent October increase. Transportation equipment, down three of the last four months, had the largest decrease, $1.2 billion or 2.5 percent to $47.2 billion.
Inventories of manufactured durable goods, up 23 consecutive months, increased $2 billion, or 0.6 percent, to $368.8 billion. This was at the highest level since the series was first published on a NAICS basis and followed a 0.4 percent October increase.
Transportation equipment, also up 23 consecutive months, had the largest increase, $1 billion, or 0.9 percent, to $114.3 billion.