Research >> Economics
New orders for manufactured goods increased 3.0% in June
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New orders for manufactured goods in June, up following two consecutive monthly decreases, increased $14.0 billion or 3.0 percent to $481.1 billion, the U.S. Census Bureau reported today. This followed a 0.3 percent May decrease. Shipments, down following two consecutive monthly increases, decreased $0.9 billion or 0.2 percent to $471.5 billion. This followed a 0.3 percent May increase. Unfilled orders, up three of the last four months, increased $14.2 billion or 1.3 percent to $1,135.7 billion. This followed a 0.1 percent May decrease. The unfilled orders-to-shipments ratio was 6.83, up from 6.74 in May. Inventories, up seven of the last eight months, increased $1.0 billion or 0.2 percent to $649.1 billion. This followed a 0.2 percent May decrease. The inventories-to-shipments ratio was 1.38, up from 1.37 in May.
New Orders
New orders for manufactured durable goods in June, up following two consecutive monthly decreases, increased $14.8 billion or 6.4 percent to $245.8 billion, down from the previously published 6.5 percent increase. This followed a virtually unchanged May decrease. Transportation equipment, also up following two consecutive monthly decreases, led the increase, $14.7 billion or 19.0 percent to $91.7 billion. New orders for manufactured nondurable goods decreased $0.8 billion or 0.3 percent to $235.3 billion.
Shipments
Shipments of manufactured durable goods in June, down three of the last four months, decreased $0.1 billion or virtually unchanged to $236.2 billion, virtually unchanged from the previously published decrease. This followed a 1.3 percent May increase. Transportation equipment, down five of the last six months, drove the decrease, $0.4 billion or 0.5 percent to $78.8 billion. Shipments of manufactured nondurable goods, down three of the last four months, decreased $0.8 billion or 0.3 percent to $235.3 billion. This followed a 0.6 percent May decrease. Petroleum and coal products, down five consecutive months, drove the decrease, $1.1 billion or 2.7 percent to $39.8 billion.
Unfilled Orders
Unfilled orders for manufactured durable goods in June, up three of the last four months, increased $14.2 billion or 1.3 percent to $1,135.7 billion, virtually unchanged from the previously published increase. This followed a 0.1 percent May decrease. Transportation equipment, also up three of the last four months, led the increase, $12.8 billion or 1.7 percent to $776.8 billion.
Inventories
Inventories of manufactured durable goods in June, up eleven of the last twelve months, increased $1.8 billion or 0.5 percent to $397.4 billion, up from the previously published 0.4 percent increase. This followed a 0.2 percent May increase. Machinery, up seven of the last eight months, led the increase, $0.9 billion or 1.3 percent to $68.4 billion. Inventories of manufactured nondurable goods, down four consecutive months, decreased $0.8 billion or 0.3 percent to $251.7 billion. This followed a 0.7 percent May decrease. Petroleum and coal products, also down four consecutive months, drove the decrease, $1.2 billion or 3.4 percent to $33.4 billion. By stage of fabrication, June materials and supplies increased 0.6 percent in durable goods and decreased 0.6 percent in nondurable goods. Work in process decreased 0.1 percent in durable goods and increased 0.6 percent in nondurable goods. Finished goods increased 1.1 percent in durable goods and decreased 0.5 percent in nondurable goods.
Posted: August 3, 2017 Thursday 10:00 AM