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Factory Orders Turn Down in January

New factory orders for manufactured goods decreased $14.4 billion or 3.8% in January following a 0.6% increase in December. New orders for manufactured durable goods decreased $14.0 billion or 6.5% to $201.3 billion, revised from the previously announced 6.0% decrease.

The statistics for January 2001 are below.

New orders
New factory orders for manufactured goods decreased $14.4 billion or 3.8% in January following a 0.6% increase in December. New orders for manufactured durable goods decreased $14.0 billion or 6.5% to $201.3 billion, revised from the previously announced 6.0% decrease. Transportation equipment had the largest decrease, $13.3 billion or 23.87% to $42.5 billion. All component industries declined led by aircraft and parts. Electronic and other electrical equipment decreased $2.6 billion or 6.3% to $38.0 billion, mostly due to electronic components. Fabricated metals, down four of the last five months, fell $0.5 billion or 2.7% to $19.4 billon. Industrial machinery and equipment increased $2.2 billon or 5.3% to $44.2 billon, the largest increase since January 2000. New orders for nondurable goods, down four of the last five months, decreased $0.4 billion or 0.2% to $165.2 billion.

Shipments
Shipments of durable goods in January decreased $3.8 billion or 1.8% to $202.8 billion, revised from the previously published 1.7% decrease. This is the fourth consecutive decrease. Transportation equipment had the largest decrease, $3.5 billion or 7.7% to $41.3 billion. Led by motor vehicles and parts, all component industries declined. Electronic and other electrical equipment decreased $0.9 billon or 2.2% to $40.6 billion. Fabricated metals, down five consecutive months, decreased $0.2 billion or 1.3% to $19.4 billion. Industrial machinery and equipment, down six of the last nine months, increased $0.9 billion or 1.3% to $43.8 billion.
Shipments of nondurable goods decreased $0.4 billion or 0.3% to $165.2 billion. Chemicals and allied products had the largest decrease, $0.5 billion or 1.3% to $36.3 billion.

Unfilled Orders
Unfilled orders for durable goods in January decreased $1.5 billion or 0.3% to $570.5 billion, revised from the previously published 0.2% decrease. Electronic and other electrical equipment had the largest decrease, $2.6 billion or 2.7% to $96.2 billion, due to electronic components. This was this sectors largest decrease since July 1997. Primary metals, down 14 or the last 15 months, decreased $0.4 billion or 1.4% to $29.2 billion. Transportation equipment increased $1.1 billion or 0.4% to $263.5 billion, due to aircraft and parts. Industrial equipment and machinery increased $0.4 billion or 0.5% to $92.1 billion.

Inventories
Inventories of durable goods increased $2.5 billion or 0.8% in January to $312.7 billion. This is the tenth consecutive increase and sixteenth in the last seventeen months. Electronic and other electrical equipment, up nine of the last ten months, had the largest increase at $0.8 billion or 1.7% to $49.3 billion. Fabricated metals increased $0.5 billion or 1.5% to $33.0 billion, the largest increase since July 1996.
Inventories of nondurable goods increased $0.7 billion or 0.4% to $183.6 billion.
By stage of fabrication, Janaury finished goods increased 1.0% in durables and 0.4% in nondurables. Work in process increased 0.5% in durables and 0.3% in nondurables. Materials and supplies increased 0.9% in durables and 0.5% in nondurables.

Read the latest report from the Bureau of the Census.

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