Research >> Economics
New orders for manufactured goods decreased 2.4%
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New orders for manufactured goods in July, down following three consecutive monthly increases, decreased $12.0 billion or 2.4 percent to $485.0 billion, the U.S. Census Bureau reported today. This followed a 1.6 percent June increase. Excluding transportation, new orders increased 1.2 percent.
Shipments, up two of the last three months, increased $5.3 billion or 1.1 percent to $487.6 billion. This followed a 0.3 percent June decrease.
Unfilled orders, up five of the last six months, increased $4.0 billion or 0.4 percent to $1,033.9 billion. This was at the highest level since the series was first published on a NAICS basis in 1992, and followed a 2.1 percent June increase. The unfilled orders-to-shipments ratio was 6.44, up from 6.38 in June.
Inventories, up seven of the last eight months, increased $1.5 billion or 0.2 percent to $629.7 billion. This was at the highest level since the series was first published on a NAICS basis and followed a 0.2 percent June increase. The inventories-to-shipments ratio was 1.29, down from 1.30 in June.
Posted: September 5, 2013 Thursday 10:00 AM