Durable Goods New Orders Up 8% in Nov. '17

This was the second fastest rate of month-over-month growth in real durable goods new orders since July 2014.

(Positive) Real durable goods new orders in November 2017 were $235,930 million. Compared with one year ago, durable goods new orders grew 8.0 percent, which was the seventh straight month of growth and the 10th in the last 11. The annual rate of growth was 3.9 percent, accelerating for the sixth month to its fastest rate since October 2014. 

Motor vehicle and parts orders increased 5.6 percent compared with one year ago, growing for the fifth time in seven months. The rate of growth was more than 5.5 percent each of the last two months. Annually, order growth accelerated at its fastest rate since June 2016.

Aerospace orders increased 26 percent in November compared with one year ago, growing more than 21 percent for the third time in four months. Annually, the rate of change jumped back into growth, growing for the second time in three months.

The trend in real durable goods new orders is very positive for capital equipment consumption in 2018.

Accelerating Growth: aerospace, computers/electronics, durable goods, HVAC, machinery/equipment, motor vehicle/parts, oil/gas-field/mining machinery, off-road/construction machinery, power generation, total capital goods

Decelerating Growth: construction materials, fabricated metal products, primary metals, ship/boat building

Decelerating Contraction: 

Accelerating Contraction: appliances

Reports

World Machine Tool Survey

An independent annual survey that collects statistics from machine tool consuming and producing countries and compares them in real U.S. dollars.

Gardner Business Index

A diffusion index measuring month-to-month changes in activity at durable goods and discrete parts manufacturing facilities.

Capital Spending Survey

An annual survey that collects statistics regarding budgeted spending on machine tools, testing equipment, software and more that are then projected across the metalworking industry based on plant size.