Research >> Economics
New orders for manufactured goods increased 0.6% in June
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Summary
New orders for manufactured goods in June, up following two consecutive monthly decreases, increased $3.1 billion or 0.6 percent to $493.8 billion, the U.S. Census Bureau reported today. This followed a 1.3 percent May decrease. Shipments, up four of the last five months, increased $1.9 billion or 0.4 percent to $506.2 billion. This followed a 0.1 percent May increase. Unfilled orders, down four of the last five months, decreased $8.0 billion or 0.7 percent to $1,160.2 billion. This followed a 0.8 percent May decrease. The unfilled orders‐to‐shipments ratio was 6.53, down from 6.62 in May. Inventories, up nine of the last ten months, increased $1.3 billion or 0.2 percent to $695.6 billion. This followed a 0.2 percent May increase. The inventories‐to‐shipments ratio was 1.37, down from 1.38 in May.
New Orders
New orders for manufactured durable goods in June, up following two consecutive monthly decreases, increased $4.5 billion or 1.9 percent to $245.4 billion, down from the previously published 2.0 percent increase. This followed a 2.3 percent May decrease. Transportation equipment, also up following two consecutive monthly decreases, led the increase, $2.9 billion or 3.7 percent to $80.4 billion. New orders for manufactured nondurable goods decreased $1.3 billion or 0.5 percent to $248.4 billion.
Shipments
Shipments of manufactured durable goods in June, up two consecutive months, increased $3.2 billion or 1.3 percent to $257.7 billion, down from the previously published 1.4 percent increase. This followed a 0.5 percent May increase. Transportation equipment, also up two consecutive months, led the increase, $2.6 billion or 3.0 percent to $88.7 billion. Shipments of manufactured nondurable goods, down two consecutive months, decreased $1.3 billion or 0.5 percent to $248.4 billion. This followed a 0.3 percent May decrease. Petroleum and coal products, also down two consecutive months, drove the decrease, $2.2 billion or 4.1 percent to $52.1 billion.
Unfilled Orders
Unfilled orders for manufactured durable goods in June, down four of the last five months, decreased $8.0 billion or 0.7 percent to $1,160.2 billion, unchanged from the previously published decrease. This followed a 0.8 percent May decrease. Transportation equipment, also down four of the last five months, drove the decrease, $8.3 billion or 1.0 percent to $792.5 billion.
Inventories
Inventories of manufactured durable goods in June, up eleven of the last twelve months, increased $1.4 billion or 0.3 percent to $426.0 billion, unchanged from the previously published increase. This followed a 0.5 percent May increase. Transportation equipment, also up eleven of the last twelve months, led the increase, $1.2 billion or 0.9 percent to $139.7 billion. Inventories of manufactured nondurable goods, down three consecutive months, decreased $0.1 billion or virtually unchanged to $269.6 billion. This followed a 0.2 percent May decrease. Petroleum and coal products, down two consecutive months, drove the decrease, $1.0 billion or 2.4 percent to $40.0 billion. By stage of fabrication, June materials and supplies increased 0.1 percent in durable goods and increased 0.4 percent in nondurable goods. Work in process increased 0.5 percent in durable goods and decreased 1.3 percent in nondurable goods. Finished goods increased 0.5 percent in durable goods and increased 0.2 percent in nondurable goods.
Posted: August 2, 2019 Friday 10:00 AM