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New orders for manufactured goods decreased 2.5%
New orders for manufactured goods in September, down two consecutive months, decreased $11.2 billion or 2.5 percent to $432.0 billion, the U.S. Census Bureau reported today. This followed a 4.3 percent August decrease. Excluding transportation, new orders decreased 3.7 percent. This was the largest percent decrease since the series was first stated on a NAICS basis in 1992.
Shipments, also down two consecutive months, decreased $12.5 billion or 2.8 percent to $432.9 billion. This followed a 3.7 percent August decrease. Unfilled orders, up thirty-one of the last thirty-two months, increased $3.0 billion or 0.4 percent to $829.5 billion. This was at the highest level since the series was first stated on a NAICS basis in 1992 and followed a 0.3 percent August increase. The unfilled orders-toshipments ratio was unchanged from 5.50 in August.
Inventories, down following four consecutive monthly increases, decreased $4.1 billion or 0.7 percent to $558.7 billion. This followed a 0.7 percent August increase.The inventories-to-shipments ratio was 1.29, up from 1.26 in August.
Posted: November 4, 2008 Tuesday 10:01 AM