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New orders for manufactured goods decreased 2.4% in November
New orders for manufactured goods in November, down following four consecutive monthly increases, decreased $11.3 billion or 2.4 percent to $458.3 billion, the U.S. Census Bureau reported today. This followed a 2.8 percent October increase.
Shipments, down following three consecutive monthly increases, decreased $0.3 billion or 0.1 percent to $463.8 billion. This followed a 0.2 percent October increase. Unfilled orders, down five of the last six months, decreased $1.7 billion or 0.1 percent to $1,127.8 billion. This followed a 0.8 percent October increase. The unfilled orders-to-shipments ratio was 6.78, down from 6.79 in October.
Inventories, up four of the last five months, increased $1.4 billion or 0.2 percent to $623.1 billion. This followed a 0.1 percent October increase. The inventories-to-shipments ratio was 1.34, unchanged from October.
Posted: January 7, 2017 Saturday 10:00 AM