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New orders for manufactured goods decreased 0.7%
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New orders for manufactured goods in January, down three of the last four months, decreased $3.3 billion or 0.7 percent to $483.0 billion, the U.S. Census Bureau reported today. This followed a 2.0 percent December decrease. Excluding transportation, new orders increased 0.2 percent.
Shipments, down two consecutive months, decreased $1.7 billion or 0.3 percent to $490.7 billion. This followed a 0.3 percent December decrease.
Unfilled orders, up eleven of the last twelve months, increased $0.3 billion to $1,059.9 billion. This was at the highest level since the series was first published on a NAICS basis in 1992 and followed a 0.2 percent December increase. The unfilled orders-to-shipments ratio was 6.50, down from 6.52 in December.
Inventories, up thirteen of the last fourteen months, increased $1.2 billion or 0.2 percent to $637.7 billion. This was also at the highest level since the series was first published on a NAICS basis and followed a 0.5 percent December increase. The inventories-to-shipments ratio was 1.30, up from 1.29 in December.
Posted: March 6, 2014 Thursday 10:17 AM