Research >> Economics
New orders for manufactured goods increased 1.6% in November 2021
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Summary
New orders for manufactured goods in November, up eighteen of the last nineteen months, increased $8.4 billion or 1.6 percent to $531.8 billion, the U.S. Census Bureau reported today. This followed a 1.2 percent October increase. Shipments, also up eighteen of the last nineteen months, increased $3.5 billion or 0.7 percent to $527.0 billion. This followed a 2.0 percent October increase. Unfilled orders, up ten consecutive months, increased $9.1 billion or 0.7 percent to $1,260.1 billion. This followed a 0.3 percent October increase. The unfilled orders-to-shipments ratio was 6.78, up from 6.77 in October. Inventories, up seventeen of the last eighteen months, increased $5.3 billion or 0.7 percent to $770.0 billion. This followed a 0.9 percent October increase. The inventories-to-shipments ratio was 1.46, unchanged from October.
New Orders
New orders for manufactured durable goods in November, up six of the last seven months, increased $6.7 billion or 2.6 percent to $268.4 billion, up from the previously published 2.5 percent increase. This followed a 0.1 percent October increase. Transportation equipment, up following two consecutive monthly decreases, led the increase, $5.0 billion or 6.5 percent to $82.1 billion. New orders for manufactured nondurable goods increased $1.7 billion or 0.7 percent to $263.4 billion.
Shipments
Shipments of manufactured durable goods in November, up six of the last seven months, increased $1.8 billion or 0.7 percent to $263.6 billion, unchanged from the previously published increase. This followed a 1.7 percent October increase. Transportation equipment, up two consecutive months, led the increase, $0.7 billion or 0.9 percent to $76.3 billion. Shipments of manufactured nondurable goods, up eighteen of the last nineteen months, increased $1.7 billion or 0.7 percent to $263.4 billion. This followed a 2.3 percent October increase. Petroleum and coal products, up seventeen of the last eighteen months, led the increase, $0.7 billion or 1.2 percent to $58.0 billion.
Unfilled Orders
Unfilled orders for manufactured durable goods in November, up ten consecutive months, increased $9.1 billion or 0.7 percent to $1,260.1 billion, unchanged from the previously published increase. This followed a 0.3 percent October increase. Transportation equipment, up nine of the last ten months, led the increase, $5.8 billion or 0.7 percent to $831.3 billion.
Inventories
Inventories of manufactured durable goods in November, up ten consecutive months, increased $3.1 billion or 0.7 percent to $469.9 billion, up from the previously published 0.6 percent increase. This followed a 0.7 percent October increase. Machinery, up thirteen consecutive months, led the increase, $0.9 billion or 1.2 percent to $77.4 billion. Inventories of manufactured nondurable goods, up fifteen of the last sixteen months, increased $2.2 billion or 0.7 percent to $300.2 billion. This followed a 1.2 percent October increase. Chemical products, up eleven of the last twelve months, led the increase, $1.1 billion or 1.1 percent to $102.2 billion. By stage of fabrication, November materials and supplies increased 1.3 percent in durable goods and 0.9 percent in nondurable goods. Work in process increased 0.4 percent in durable goods and 0.5 percent in nondurable goods. Finished goods increased 0.2 percent in durable goods and 0.7 percent in nondurable goods.
Posted: January 6, 2022 Thursday 10:00 AM