Aircraft Orders Plummet $6.6 Billion in November

New orders for commercial aircraft and parts plummeted $6.6 billion in November, the U.S. Census Bureau announced Thursday. Orders for other transportation equipment increased a bit, but the volatile aircraft market held the sector to a $6.2 billion or 11.9 percent decline to $45.5 billion.

The decline in orders for transportation equipment, the third in four months, was primarily responsible for a $2.6 billion or 1.3 percent decline in durable goods orders to $193.7 billion overall.

Excluding transportation equipment, new orders for manufactured durable goods in November increased 2.4 percent. Excluding defense, new orders decreased 2.3 percent.

Inventories of manufactured durable goods in November, up 11 consecutive months, increased $1.9 billion or 0.6 percent to $319.1 billion. This followed a 0.6 percent October increase. Transportation equipment, also up 11 consecutive months, had the largest increase, $1.1 billion or 1.3 percent to $84.3 billion.

Shipments of manufactured durable goods in November, also down three of the last four months, decreased $700 million or 0.3 percent to $195.8 billion. This followed a 1 percent October decrease.

Transportation equipment, down four consecutive months, had the largest decrease, $1.6 billion or 3.3 percent to $46.5 billion.

Unfilled orders for manufactured durable goods in November, up 10 of the last 11 months, increased $3.4 billion or 0.4 percent to $825.7 billion. This followed a 0.7 percent October increase. Machinery, up 10 consecutive months, had the largest increase, $2.1 billion or 2 percent to $106.3 billion.
(Source:www.joc.com)