Research >> Economics
New orders for manufactured goods increased 0.2% in October 2021
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Summary
New orders for manufactured goods in October, up seventeen of the last eighteen months, increased $5.1 billion or 1.0 percent to $522.1 billion, the U.S. Census Bureau reported today. This followed a 0.5 percent September increase. Shipments, also up seventeen of the last eighteen months, increased $10.2 billion or 2.0 percent to $523.4 billion. This followed a 1.0 percent September increase. Unfilled orders, up nine consecutive months, increased $3.1 billion or 0.3 percent to $1,249.8 billion. This followed a 0.7 percent September increase. The unfilled orders-to-shipments ratio was 6.76, down from 6.82 in September. Inventories, up sixteen of the last seventeen months, increased $6.4 billion or 0.8 percent to $764.2 billion. This followed a 1.0 percent September increase. The inventories-to-shipments ratio was 1.46, down from 1.48 in September.
New Orders
New orders for manufactured durable goods in October, down two consecutive months, decreased $1.1 billion or 0.4 percent to $260.3 billion, up from the previously published 0.5 percent decrease. This followed a 0.4 percent September decrease. Transportation equipment, down three of the last four months, drove the decrease, $2.0 billion or 2.6 percent to $75.3 billion. New orders for manufactured nondurable goods increased $6.1 billion or 2.4 percent to $261.9 billion.
Shipments Shipments of manufactured durable goods in October, up five of the last six months, increased $4.1 billion or 1.6 percent to $261.5 billion, up from the previously published 1.5 percent increase. This followed a 0.6 percent September increase. Transportation equipment, up following two consecutive monthly decreases, led the increase, $2.3 billion or 3.2 percent to $75.3 billion. Shipments of manufactured nondurable goods, up seventeen of the last eighteen months, increased $6.1 billion or 2.4 percent to $261.9 billion. This followed a 1.3 percent September increase. Petroleum and coal products, up sixteen of the last seventeen months, led the increase, $4.5 billion or 8.5 percent to $57.7 billion.
Unfilled Orders
Unfilled orders for manufactured durable goods in October, up nine consecutive months, increased $3.1 billion or 0.3 percent to $1,249.8 billion, up from the previously published 0.2 percent increase. This followed a 0.7 percent September increase. Machinery, up nineteen consecutive months, led the increase, $1.4 billion or 1.3 percent to $113.9 billion.
Inventories
Inventories of manufactured durable goods in October, up nine consecutive months, increased $3.1 billion or 0.7 percent to $466.4 billion, up from the previously published 0.6 percent increase. This followed a 1.0 percent September increase. Fabricated metal products, up thirteen consecutive months, led the increase, $1.0 billion or 1.6 percent to $61.1 billion. Inventories of manufactured nondurable goods, up fourteen of the last fifteen months, increased $3.3 billion or 1.1 percent to $297.8 billion. This followed a 0.9 percent September increase. Petroleum and coal products, up eleven of the last twelve months, led the increase, $2.5 billion or 5.6 percent to $46.1 billion. By stage of fabrication, October materials and supplies increased 1.7 percent in durable goods and 1.2 percent in nondurable goods. Work in process decreased 0.3 percent in durable goods and increased 1.5 percent in nondurable goods. Finished goods increased 0.5 percent in durable goods and 0.9 percent in nondurable goods.
Posted: December 3, 2021 Friday 10:00 AM