Research >> Economics
New orders for manufactured goods increased 0.1% in January
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New orders for manufactured goods in January, up two consecutive months, increased $0.3 billion or 0.1 percent to $500.5 billion, the U.S. Census Bureau reported today. This followed a 0.1 percent December increase. Shipments, down four consecutive months, decreased $1.8 billion or 0.4 percent to $503.1 billion. This followed a 0.2 percent December decrease. Unfilled orders, up following three consecutive monthly decreases, increased $1.4 billion or 0.1 percent to $1,181.9 billion. This followed a 0.1 percent December decrease. The unfilled orders‐to‐shipments ratio was 6.57, up from 6.55 in December. Inventories, up twenty‐six of the last twenty‐seven months, increased $3.6 billion or 0.5 percent to $685.7 billion. This followed a 0.1 percent December increase. The inventories‐to‐shipments ratio was 1.36, up from 1.35 in December.
New Orders
New orders for manufactured durable goods in January, up three consecutive months, increased $0.9 billion or 0.3 percent to $255.3 billion, down from the previously published 0.4 percent increase. This followed a 1.3 percent December increase. Transportation equipment, up five of the last six months, drove the increase, $1.1 billion or 1.2 percent to $91.0 billion. New orders for manufactured nondurable goods decreased $0.5 billion or 0.2 percent to $245.2 billion.
Shipments
Shipments of manufactured durable goods in January, down following two consecutive monthly increases, decreased $1.3 billion or 0.5 percent to $257.9 billion, unchanged from the previously published decrease. This followed a 0.7 percent December increase. Transportation equipment, also down following two consecutive monthly increases, led the decrease, $1.2 billion or 1.3 percent to $90.1 billion. Shipments of manufactured nondurable goods, down three consecutive months, decreased $0.5 billion or 0.2 percent to $245.2 billion. This followed a 1.1 percent December decrease. Chemical products, down following five consecutive monthly increases, led the decrease, $0.3 billion or 0.5 percent to $66.5 billion.
Unfilled Orders
Unfilled orders for manufactured durable goods in January, up following three consecutive monthly decreases, increased $1.4 billion or 0.1 percent to $1,181.9 billion, unchanged from the previously published increase. This followed a 0.1 percent December decrease. Transportation equipment, also up following three consecutive monthly decreases, led the increase, $0.9 billion or 0.1 percent to $811.6 billion.
Inventories
Inventories of manufactured durable goods in January, up twenty‐four of the last twenty‐five months, increased $1.9 billion or 0.5 percent to $417.2 billion, up from the previously published 0.4 percent increase. This followed a 0.3 percent December increase. Transportation equipment, up four of the last five months, led the increase, $1.2 billion or 0.9 percent to $132.6 billion. Inventories of manufactured nondurable goods, up following two consecutive monthly decreases, increased $1.8 billion or 0.7 percent to $268.5 billion. This followed a 0.4 percent December decrease. Petroleum and coal products, up following three consecutive monthly decreases, led the increase, $1.3 billion or 3.5 percent to $39.2 billion. By stage of fabrication, January materials and supplies increased 0.6 percent in durable goods and increased 0.7 percent in nondurable goods. Work in process increased 0.3 percent in durable goods and increased 0.9 percent in nondurable goods. Finished goods increased 0.5 percent in durable goods and increased 0.6 percent in nondurable goods.
Posted: March 19, 2019 Tuesday 10:00 AM