Research >> Economics
New orders for manufactured goods increased 0.4% in July
New orders for manufactured goods in July, up two consecutive months, increased $2.0 billion or 0.4 percent to $482.0 billion, the U.S. Census Bureau reported today. This followed a 2.2 percent June increase.
Shipments, down three of the last four months, decreased $0.8 billion or 0.2 percent to $483.6 billion. This followed a 0.6 percent June increase.
Unfilled orders, up two consecutive months, increased $2.8 billion or 0.2 percent to $1,198.0 billion. This followed a virtually unchanged June increase. The unfilled orders-to-shipments ratio was 6.89, down from 6.92 in June.
Inventories, down following three consecutive monthly increases, decreased $0.6 billion or 0.1 percent to $651.2 billion. This followed a 0.3 percent June increase. The inventories-to-shipments ratio was 1.35, unchanged from June.
Posted: September 2, 2015 Wednesday 10:00 AM