Durable goods report - 8:35AM

HIGHLIGHTS FROM THE ADVANCE REPORT ON MANUFACTURERS' SHIPMENTS, INVENTORIES, AND ORDERS - Full report here New Orders New orders for manufactured durable goods in May increased $2.8 billion or 1.8 percent to $163.9 billion, the U.S. Census Bureau announced today. This was the third increase in the last four months and followed a 1.8 percent April increase. Excluding transportation, new orders increased 1.1 percent. Excluding defense, new orders also increased 1.4 percent. Shipments Shipments of manufactured durable goods in May, down ten consecutive months, decreased $3.6 billion or 2.1 percent to $169.9 billion. This was the longest streak of consecutive monthly decreases since the series was first published on a NAICS basis in 1992 and followed a 0.5 percent April decrease. Unfilled Orders Unfilled orders for manufactured durable goods in May, down eight consecutive months, decreased $2.0 billion or 0.3 percent to $747.5 billion. This followed a 1.1 percent April decrease. Inventories Inventories of manufactured durable goods in May, down five consecutive months, decreased $2.5 billion or 0.8 percent to $323.3 billion. This followed a 1.1 percent April decrease. Capital Goods Industries Nondefense Nondefense new orders for capital goods in May increased $4.9 billion or 10.0 percent to $53.8 billion. Defense Defense new orders for capital goods in May increased $0.8 billion or 7.4 percent to $12.0 billion.