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New orders for manufactured goods decreased 2.9% in December
New orders for manufactured goods in December, down four of the last five months, decreased $13.5 billion or 2.9 percent to $456.5 billion, the U.S. Census Bureau reported today. This followed a 0.7 percent November decrease.
Shipments, down eight of the last nine months, decreased $6.8 billion or 1.4 percent to $467.0 billion. This followed a 0.1 percent November decrease.
Unfilled orders, down following two consecutive monthly increases, decreased $5.8 billion or 0.5 percent to $1,187.4 billion. This followed a 0.1 percent November increase. The unfilled orders-to-shipments ratio was 7.11, up from 6.94 in November.
Inventories, up following five consecutive monthly decreases, increased $1.0 billion or 0.2 percent to $642.3 billion. This followed a 0.3 percent November decrease. The inventories-to-shipments ratio was 1.38, up from 1.35 in November.
Posted: February 4, 2016 Thursday 10:00 AM