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New orders for manufactured goods increased 0.3% in September
New orders for manufactured goods in September, up three consecutive months, increased $1.4 billion or 0.3 percent to $455.5 billion, the U.S. Census Bureau reported today. This followed a 0.4 percent August increase.
Shipments, up six of the last seven months, increased $3.9 billion or 0.8 percent to $463.0 billion. This followed a 0.2 percent August increase. Unfilled orders, down four consecutive months, decreased $4.3 billion or 0.4 percent to $1,118.8 billion. This followed a 0.2 percent August decrease. The unfilled orders-to-shipments ratio was 6.69, down from 6.79 in August.
Inventories, down following two consecutive monthly increases, decreased $0.2 billion or virtually unchanged to $621.4 billion. This followed a 0.1 percent August increase. The inventories-to-shipments ratio was 1.34, down from 1.35 in August.
Posted: November 3, 2016 Thursday 10:00 AM