Research >> Economics
New orders for manufactured goods increased 0.8% in May 2022
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Summary
New orders for manufactured goods in May, up twelve of the last thirteen months, increased $8.4 billion or 1.6 percent to $543.4 billion, the U.S. Census Bureau reported today. This followed a 0.7 percent April increase. Shipments, up twenty-four of the last twenty-five months, increased $9.9 billion or 1.8 percent to $544.4 billion. This followed a 0.6 percent April increase. Unfilled orders, up twenty-one consecutive months, increased $3.9 billion or 0.4 percent to $1,110.0 billion. This followed a 0.5 percent April increase. The unfilled orders-to-shipments ratio was 5.98, down from 6.05 in April. Inventories, up twenty-one of the last twenty-two months, increased $10.0 billion or 1.3 percent to $797.9 billion. This followed a 0.8 percent April increase. The inventories-to-shipments ratio was 1.47, unchanged from April.
New Orders
New orders for manufactured durable goods in May, up seven of the last eight months, increased $2.1 billion or 0.8 percent to $267.5 billion, up from the previously published 0.7 percent increase. This followed a 0.4 percent April increase. Transportation equipment, up two consecutive months, led the increase, $0.9 billion or 1.0 percent to $87.8 billion. New orders for manufactured nondurable goods increased $6.3 billion or 2.3 percent to $275.9 billion.
Shipments
Shipments of manufactured durable goods in May, up twelve of the last thirteen months, increased $3.6 billion or 1.4 percent to $268.5 billion, up from the previously published 1.3 percent increase. This followed a 0.3 percent April increase. Transportation equipment, up seven of the last eight months, led the increase, $1.8 billion or 2.1 percent to $84.8 billion. Shipments of manufactured nondurable goods, up twenty-four of the last twenty-five months, increased $6.3 billion or 2.3 percent to $275.9 billion. This followed a 0.9 percent April increase. Petroleum and coal products, up nine of the last ten months, led the increase, $5.5 billion or 8.9 percent to $66.8 billion.
Unfilled Orders
Unfilled orders for manufactured durable goods in May, up twenty-one consecutive months, increased $3.9 billion or 0.4 percent to $1,110.0 billion, up from the previously published 0.3 percent increase. This followed a 0.5 percent April increase. Transportation equipment, up fifteen of the last sixteen months, led the increase, $3.0 billion or 0.5 percent to $639.9 billion.
Inventories
Inventories of manufactured durable goods in May, up sixteen consecutive months, increased $2.8 billion or 0.6 percent to $482.8 billion, unchanged from the previously published increase. This followed a 0.9 percent April increase. Machinery, up nineteen consecutive months, led the increase, $1.0 billion or 1.2 percent to $82.3 billion. Inventories of manufactured nondurable goods, up nineteen of the last twenty months, increased $7.2 billion or 2.3 percent to $315.1 billion. This followed a 0.6 percent April increase. Petroleum and coal products, up twelve of the last thirteen months, led the increase, $6.1 billion or 12.3 percent to $56.0 billion. By stage of fabrication, May materials and supplies increased 0.9 percent in durable goods and 2.6 percent in nondurable goods. Work in process increased 0.2 percent in durable goods and 2.9 percent in nondurable goods. Finished goods increased 0.6 percent in durable goods and 1.9 percent in nondurable goods.
Posted: July 5, 2022 Tuesday 10:00 AM