MAPI comments on durable goods report
Increased September figures erase August declines.
in the NewsState of Logistics 2016: Pursue mutual benefit MHI 2016: Listening to the voice of the customer MHI announces Modex 2018 exhibit space draw Cart design resolves pipe and valve manufacturer’s safety and efficiency issues Twinlode appoints Lawrence “Skip” Eastman CEO More News
“The manufacturing sector is showing resiliency as new orders for manufactured goods increased by 9.9 percent in September, reversing a 13.1 percent decline in August,” said Donald A. Norman, Senior Economist for the Manufacturers Alliance for Productivity and Innovation. “Much of the September increase was due to new orders for transportation equipment which increased by 31.7 percent. Excluding transportation, new orders increased 2.0 percent, reversing the 2.1 percent decline from July to August. The monthly series on durable goods orders is often volatile because new orders can arrive, or disappear, in big blocks. New orders for durable goods have increased in four of the last five months. The overall trend in new orders this year indicates that while manufacturing sector activity has slowed, it nonetheless continues to expand.
“Industry groups reporting the largest gains in new orders in September included primary metals (up 4.1 percent); machinery (up 9.2 percent) and, as noted above, transportation equipment,” Norman noted. “Industries that saw orders decline included computers and electronic products (down 2.5 percent) and electrical equipment (down 2.7 percent). Orders for motor vehicles and parts were down 0.4 percent, an improvement from August when they were down 11.6 percent.”
Subscribe to Modern Materials Handling Magazine!Subscribe today. It's FREE!
Find out what the world’s most innovative companies are doing to improve productivity in their plants and distribution centers.
Start your FREE subscription today!
System Report: Brownells new DC is flexible and responsive Pallet Usage Report: Pallets Remain Critical in the Modern-Day Warehouse View More From this Issue