Research >> Economics
New orders for manufactured goods decreased 1.5% in June
New orders for manufactured goods in June, down two consecutive months, decreased $6.9 billion or 1.5 percent to $447.4 billion, the U.S. Census Bureau reported today. This followed a 1.2 percent May decrease.
Shipments, up four consecutive months, increased $3.1 billion or 0.7 percent to $460.0 billion. This followed a 0.1 percent May increase.
Unfilled orders, down following three consecutive monthly increases, decreased $9.6 billion or 0.8 percent to $1,128.0 billion. This followed a virtually unchanged May increase. The unfilled orders-to-shipments ratio was 6.81, down from 6.89 in May.
Inventories, down thirteen of the last fourteen months, decreased $0.5 billion or 0.1 percent to $619.1 billion. This followed a 0.1 percent May decrease. The inventories-to-shipments ratio was 1.35, down from 1.36 in May.
Posted: August 4, 2016 Thursday 10:00 AM