Research >> Economics
New orders for manufactured goods increased 2.3% in May 2021
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Summary
New orders for manufactured goods in May, up twelve of the last thirteen months, increased $8.1 billion or 1.7 percent to $495.5 billion, the U.S. Census Bureau reported today. This followed a 0.1 percent April decrease. Shipments, also up twelve of the last thirteen months, increased $3.3 billion or 0.7 percent to $490.4 billion. This followed a 0.2 percent April increase. Unfilled orders, up four consecutive months, increased $9.6 billion or 0.8 percent to $1,209.5 billion. This followed a 0.4 percent April increase. The unfilled orders-to-shipments ratio was 6.95, up from 6.88 in April. Inventories, up eleven of the last twelve months, increased $6.6 billion or 0.9 percent to $731.6 billion. This followed a 0.5 percent April increase. The inventories-to-shipments ratio was 1.49, unchanged from April.
New Orders
New orders for manufactured durable goods in May, up twelve of the last thirteen months, increased $5.8 billion or 2.3 percent to $253.4 billion, unchanged from the previously published increase. This followed a 0.7 percent April decrease. Transportation equipment, up following two consecutive monthly decreases, led the increase, $5.3 billion or 7.7 percent to $74.3 billion. New orders for manufactured nondurable goods increased $2.4 billion or 1.0 percent to $242.1 billion.
Shipments
Shipments of manufactured durable goods in May, up two of the last three months, increased $0.9 billion or 0.4 percent to $248.3 billion, unchanged from the previously published increase. This followed a virtually unchanged April decrease. Machinery, up seven of the last eight months, led the increase, $0.5 billion or 1.4 percent to $35.2 billion. Shipments of manufactured nondurable goods, up twelve of the last thirteen months, increased $2.4 billion or 1.0 percent to $242.1 billion. This followed a 0.5 percent April increase. Petroleum and coal products, up eleven of the last twelve months, led the increase, $1.1 billion or 2.5 percent to $45.2 billion.
Unfilled Orders
Unfilled orders for manufactured durable goods in May, up four consecutive months, increased $9.6 billion or 0.8 percent to $1,209.5 billion, unchanged from the previously published increase. This followed a 0.4 percent April increase. Transportation equipment, up three of the last four months, led the increase, $3.3 billion or 0.4 percent to $806.3 billion.
Inventories
Inventories of manufactured durable goods in May, up four consecutive months, increased $3.1 billion or 0.7 percent to $445.5 billion, unchanged from the previously published increase. This followed a 0.7 percent April increase. Primary metals, up ten consecutive months, led the increase, $0.9 billion or 2.4 percent to $38.5 billion. Inventories of manufactured nondurable goods, up nine of the last ten months, increased $3.5 billion or 1.2 percent to $286.1 billion. This followed a 0.3 percent April increase. Petroleum and coal products, up six of the last seven months, led the increase, $2.2 billion or 5.8 percent to $39.9 billion. By stage of fabrication, May materials and supplies increased 0.8 percent in both durable and nondurable goods. Work in process increased 0.3 percent in durable goods and 2.2 percent in nondurable goods. Finished goods increased 1.1 percent in both durable and nondurable goods.
Posted: July 2, 2021 Friday 10:00 AM