Research >> Economics
New orders for manufactured goods increased 8.0% in May 2020
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Summary
New orders for manufactured goods in May, up following two consecutive monthly decreases, increased $30.5 billion or 8.0 percent to $412.8 billion, the U.S. Census Bureau reported today. This followed a 13.5 percent April decrease. Shipments, up following four consecutive monthly decreases, increased $12.5 billion or 3.1 percent to $417.0 billion. This followed a 14.0 percent April decrease. Unfilled orders, up following two consecutive monthly decreases, increased $0.7 billion or 0.1 percent to $1,108.5 billion. This followed a 1.5 percent April decrease. The unfilled orders-to-shipments ratio was 7.53, down from 7.70 in April. Inventories, up following four consecutive monthly decreases, increased $1.1 billion or 0.2 percent to $687.0 billion. This followed a 0.5 percent April decrease. The inventories-to-shipments ratio was 1.65, down from 1.70 in April.
New Orders
New orders for manufactured durable goods in May, up following two consecutive monthly decreases, increased $26.3 billion or 15.7 percent to $193.8 billion, down from the previously published 15.8 percent increase. This followed an 18.3 percent April decrease. Transportation equipment, also up following two consecutive monthly decreases, led the increase, $21.1 billion or 82.0 percent to $46.9 billion. New orders for manufactured nondurable goods increased $4.2 billion or 2.0 percent to $219.0 billion.
Shipments
Shipments of manufactured durable goods in May, up following two consecutive monthly decreases, increased $8.3 billion or 4.4 percent to $198.0 billion, unchanged from the previously published increase. This followed an 18.8 percent April decrease. Transportation equipment, also up following two consecutive monthly decreases, led the increase, $5.1 billion or 12.4 percent to $46.6 billion. Shipments of manufactured nondurable goods, up following four consecutive monthly decreases, increased $4.2 billion or 2.0 percent to $219.0 billion. This followed a 9.3 percent April decrease. Petroleum and coal products, also up following four consecutive monthly decreases, led the increase, $3.1 billion or 12.1 percent to $28.2 billion.
Unfilled Orders
Unfilled orders for manufactured durable goods in May, up following two consecutive monthly decreases, increased $0.7 billion or 0.1 percent to $1,108.5 billion, unchanged from the previously published increase. This followed a 1.5 percent April decrease. Transportation equipment, also up following two consecutive monthly decreases, led the increase, $0.3 billion or virtually unchanged to $760.0 billion.
Inventories
Inventories of manufactured durable goods in May, up three consecutive months, increased $0.3 billion or 0.1 percent to $425.0 billion, unchanged from the previously published increase. This followed a virtually unchanged April increase. Transportation equipment, up twenty-two of the last twenty-three months, drove the increase, $1.3 billion or 0.9 percent to $144.0 billion. Inventories of manufactured nondurable goods, up following four consecutive monthly decreases, increased $0.8 billion or 0.3 percent to $262.0 billion. This followed a 1.2 percent April decrease. Petroleum and coal products, also up following four consecutive monthly decreases, drove the increase, $1.8 billion or 6.5 percent to $28.8 billion. By stage of fabrication, May materials and supplies were virtually unchanged in durable goods and decreased 0.2 percent in nondurable goods. Work in process increased 0.2 percent in durable goods and 2.5 percent in nondurable goods. Finished goods were virtually unchanged in durable goods and decreased 0.1 percent in nondurable goods.
Posted: July 2, 2020 Thursday 10:00 AM