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2004 increase in durable-goods demand highest in 10 years
- January 27, 2005
- News Release
- Shop Management
In December, new orders for manufactured durable goods, items made to last three years or more, increased $1.2 billion or 0.6 percent to $200.3 billion, the Department of Commerce, U.S. Census Bureau reported today. This followed a 1.8 percent November increase. For 2004 as a whole, durable goods orders advanced 10.9 percent, the largest rise in 10 years.
Shipments of manufactured durable goods in December increased $4.2 billion or 2.1 percent to $204.5 billion and was at the highest level since the series was first stated on a NAICS basis in 1992. This followed a 0.1 percent November increase.
Unfilled orders for manufactured durable goods in December, up sixteen of the last seventeen months, increased $2.8 billion or 0.5 percent to $551.9 billion and was also at the highest level since the series began in 1992. This followed a 1.1 percent November increase.
Inventories of manufactured durable goods in December, down following twelve consecutive increases, decreased $0.1 billion to $282.5 billion. This followed a 0.9 percent November increase.
Excluding transportation, orders increased 2.1 percent, the first increase since September and ahead of forecasts for a 1 percent gain. Non-defense orders rose 1.2 percent, surpassing forecasts.
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The Fabricator is North America's leading magazine for the metal forming and fabricating industry. The magazine delivers the news, technical articles, and case histories that enable fabricators to do their jobs more efficiently. The Fabricator has served the industry since 1970.
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