Research >> Economics
New orders for manufactured goods decreased 3.3% in July
|
New orders for manufactured goods in July, down three of the last four months, decreased $15.8 billion or 3.3 percent to $466.4 billion, the U.S. Census Bureau reported today. This followed a 3.2 percent June increase. Shipments, up seven of the last eight months, increased $1.6 billion or 0.3 percent to $474.3 billion. This followed a 0.1 percent June increase. Unfilled orders, down two of the last three months, decreased $3.6 billion or 0.3 percent to $1,131.9 billion. This followed a 1.3 percent June increase. The unfilled orders-to-shipments ratio was 6.75, down from 6.82 in June. Inventories, up eight of the last nine months, increased $1.4 billion or 0.2 percent to $651.6 billion. This followed a 0.3 percent June increase. The inventories-to-shipments ratio was 1.37, down from 1.38 in June.
New Orders
New orders for manufactured durable goods in July, down three of the last four months, decreased $16.8 billion or 6.8 percent to $228.9 billion, virtually unchanged from the previously published decrease. This followed a 6.4 percent June increase. Transportation equipment, also down three of the last four months, drove the decrease, $17.6 billion or 19.2 percent to $74.1 billion. New orders for manufactured nondurable goods increased $1.0 billion or 0.4 percent to $237.4 billion.
Shipments
Shipments of manufactured durable goods in July, up two of the last three months, increased $0.6 billion or 0.2 percent to $236.9 billion, down from the previously published 0.4 percent increase. This followed a virtually unchanged June decrease. Computers and electronic products, up three consecutive months, led the increase, $0.3 billion or 1.0 percent to $26.9 billion. Shipments of manufactured nondurable goods, up three of the last four months, increased $1.0 billion or 0.4 percent to $237.4 billion. This followed a 0.2 percent June increase. Petroleum and coal products, up following five consecutive monthly decreases, led the increase, $0.9 billion or 2.2 percent to $41.3 billion.
Unfilled Orders
Unfilled orders for manufactured durable goods in July, down two of the last three months, decreased $3.6 billion or 0.3 percent to $1,131.9 billion, virtually unchanged from the previously published decrease. This followed a 1.3 percent June increase. Transportation equipment, also down two of the last three months, drove the decrease, $4.8 billion or 0.6 percent to $772.2 billion.
Inventories
Inventories of manufactured durable goods in July, up twelve of the last thirteen months, increased $1.3 billion or 0.3 percent to $398.7 billion, virtually unchanged from the previously published increase. This followed a 0.5 percent June increase. Transportation equipment, up following two consecutive monthly decreases, led the increase, $0.5 billion or 0.4 percent to $129.6 billion. Inventories of manufactured nondurable goods, up two consecutive months, increased $0.2 billion or 0.1 percent to $252.8 billion. This followed a 0.1 percent June increase. Petroleum and coal products, up following four consecutive monthly decreases, drove the increase, $0.3 billion or 0.8 percent to $34.5 billion. By stage of fabrication, July materials and supplies increased 0.1 percent in durable goods and decreased 0.1 percent in nondurable goods. Work in process was virtually unchanged in durable goods and increased 1.8 percent in nondurable goods. Finished goods increased 0.9 percent in durable goods and decreased 0.6 percent in nondurable goods.
Posted: September 5, 2017 Tuesday 10:00 AM