Research >> Economics
New orders for manufactured goods decreased 1.7% in July
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New orders for manufactured goods in July, down following two consecutive monthly increases, decreased $3.9 billion or 0.8 percent to $497.8 billion, the U.S. Census Bureau reported today. This followed a 0.6 percent June increase. Shipments, up fourteen of the last fifteen months, increased less than $0.1 billion or virtually unchanged to $501.7 billion. This followed a 1.0 percent June increase. Unfilled orders, up eight of the last nine months, increased $0.1 billion or virtually unchanged to $1,164.9 billion. This followed a 0.4 percent June increase. The unfilled orders-to-shipments ratio was 6.73, up from 6.64 in June. Inventories, up twenty-one consecutive months, increased $5.6 billion or 0.8 percent to $675.8 billion. This followed a 0.2 percent June increase. The inventories-to-shipments ratio was 1.35, up from 1.34 in June.
New Orders
New orders for manufactured durable goods in July, down three of the last four months, decreased $4.3 billion or 1.7 percent to $247.2 billion, unchanged from the previously published decrease. This followed a 0.9 percent June increase. Transportation equipment, also down three of the last four months, drove the decrease, $4.6 billion or 5.2 percent to $83.0 billion. New orders for manufactured nondurable goods increased $0.5 billion or 0.2 percent to $250.6 billion.
Shipments
Shipments of manufactured durable goods in July, down following two consecutive monthly increases, decreased $0.4 billion or 0.2 percent to $251.1 billion, unchanged from the previously published decrease. This followed a 1.7 percent June increase. Transportation equipment, down three of the last four months, drove the decrease, $1.4 billion or 1.7 percent to $84.2 billion. Shipments of manufactured nondurable goods, up thirteen of the last fourteen months, increased $0.5 billion or 0.2 percent to $250.6 billion. This followed a 0.4 percent June increase. Petroleum and coal products, up twelve of the last thirteen months, led the increase, $0.2 billion or 0.4 percent to $56.2 billion.
Unfilled Orders
Unfilled orders for manufactured durable goods in July, up eight of the last nine months, increased $0.1 billion or virtually unchanged to $1,164.9 billion, unchanged from the previously published increase. This followed a 0.4 percent June increase. Machinery, up five of the last six months, drove the increase, $0.4 billion or 0.4 percent to $104.9 billion.
Inventories
Inventories of manufactured durable goods in July, up twenty of the last twenty-one months, increased $5.1 billion or 1.3 percent to $408.6 billion, unchanged from the previously published increase. This followed a virtually unchanged June increase. Transportation equipment, up three of the last four months, led the increase, $4.5 billion or 3.5 percent to $131.4 billion. Inventories of manufactured nondurable goods, up thirteen consecutive months, increased $0.5 billion or 0.2 percent to $267.3 billion. This followed a 0.6 percent June increase. Petroleum and coal products, up three of the last four months, led the increase, $0.5 billion or 1.1 percent to $42.0 billion. By stage of fabrication, July materials and supplies increased 0.4 percent in durable goods and increased 0.8 percent in nondurable goods. Work in process increased 3.0 percent in durable goods and decreased 0.2 percent in nondurable goods. Finished goods increased 0.1 percent in durable goods and decreased 0.1 percent in nondurable goods.
Posted: September 6, 2018 Thursday 10:00 AM