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.
Manufacturing news from JOC:
Manufacturers Forecast Modest Growth in 2011.
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.
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