Research >> Economics
New orders for manufactured goods increased 1.9% in September 2020
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Summary
New orders for manufactured goods in September, up five consecutive months, increased $5.2 billion or 1.1 percent to $475.0 billion, the U.S. Census Bureau reported today. This followed a 0.6 percent August increase. Shipments, also up five consecutive months, increased $1.6 billion or 0.3 percent to $482.8 billion. This followed a 0.3 percent August increase. Unfilled orders, down six of the last seven months, decreased $2.5 billion or 0.2 percent to $1,075.9 billion. This followed a 0.6 percent August decrease. The unfilled orders-to-shipments ratio was 6.59, down from 6.60 in August. Inventories, up four of the last five months, increased $0.2 billion or virtually unchanged to $686.7 billion. This followed a virtually unchanged August increase. The inventories-to-shipments ratio was 1.42, down from 1.43 in August.
New Orders
New orders for manufactured durable goods in September, up five consecutive months, increased $4.4 billion or 1.9 percent to $237.4 billion, unchanged from the previously published increase. This followed a 0.4 percent August increase. Transportation equipment, up four of the last five months, led the increase, $3.1 billion or 4.1 percent to $76.8 billion. New orders for manufactured nondurable goods increased $0.7 billion or 0.3 percent to $237.6 billion.
Shipments
Shipments of manufactured durable goods in September, up four of the last five months, increased $0.9 billion or 0.4 percent to $245.2 billion, up from the previously published 0.3 percent increase. This followed a 0.2 percent August decrease. Transportation equipment, also up four of the last five months, led the increase, $0.5 billion or 0.6 percent to $82.0 billion. Shipments of manufactured nondurable goods, up five consecutive months, increased $0.7 billion or 0.3 percent to $237.6 billion. This followed a 0.8 percent August increase. Beverage and Tobacco products, up six of the last seven months, led the increase, $0.3 billion or 2.0 percent to $13.8 billion.
Unfilled Orders
Unfilled orders for manufactured durable goods in September, down six of the last seven months, decreased $2.5 billion or 0.2 percent to $1,075.9 billion, unchanged from the previously published decrease. This followed a 0.6 percent August decrease. Transportation equipment, down seven consecutive months, drove the decrease, $5.2 billion or 0.7 percent to $722.0 billion.
Inventories
Inventories of manufactured durable goods in September, up following three consecutive monthly decreases, increased $1.4 billion or 0.3 percent to $421.8 billion, down from the previously published 0.4 percent increase. This followed a 0.1 percent August decrease. Transportation equipment, up twenty-four of the last twenty-five months, led the increase, $0.9 billion or 0.6 percent to $147.8 billion. Inventories of manufactured nondurable goods, down two of the last three months, decreased $1.3 billion or 0.5 percent to $264.9 billion. This followed a 0.3 percent August increase. Petroleum and coal products, also down two of the last three months, drove the decrease, $1.7 billion or 5.1 percent to $30.9 billion. By stage of fabrication, September materials and supplies decreased 0.6 percent in durable goods and 1.0 percent in nondurable goods. Work in process increased 1.8 percent in durable goods and decreased 0.8 percent in nondurable goods. Finished goods decreased 0.5 percent in durable goods and were virtually unchanged in nondurable goods.
Posted: November 3, 2020 Tuesday 10:00 AM