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New orders for manufactured goods increased 1.6% in January
New orders for manufactured goods in January, up following two consecutive monthly decreases, increased $7.5 billion or 1.6 percent to $463.9 billion, the U.S. Census Bureau reported today. This followed a 2.9 percent December decrease.
Shipments, up following six consecutive monthly decreases, increased $1.4 billion or 0.3 percent to $468.4 billion. This followed a 1.4 percent December decrease. Unfilled orders, up three of the last four months, increased $0.6 billion or 0.1 percent to $1,188.1 billion. This followed a 0.5 percent December decrease. The unfilled orders-to-shipments ratio was 6.93, down from 7.08 in December.
Inventories, down seven consecutive months, decreased $2.7 billion or 0.4 percent to $637.5 billion. This followed a 0.2 percent December decrease. The inventories-to-shipments ratio was 1.36, down from 1.37 in December.
Posted: March 3, 2016 Thursday 10:00 AM