Research >> Economics
New orders for manufactured goods decreased 0.7% in November
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New orders for manufactured goods in November, down three of the last four months, decreased $3.6 billion or 0.7 percent to $493.0 billion, the U.S. Census Bureau reported today. This followed a 0.2 percent October increase. Shipments, up two consecutive months, increased $1.7 billion or 0.3 percent to $502.2 billion. This followed a 0.1 percent October increase. Unfilled orders, down two of the last three months, decreased $4.9 billion or 0.4 percent to $1,158.7 billion. This followed a virtually unchanged October increase. The unfilled orders‐to‐shipments ratio was 6.67, down from 6.68 in October. Inventories, up eleven of the last twelve months, increased $2.0 billion or 0.3 percent to $701.0 billion. This followed a 0.2 percent October increase. The inventories‐to‐shipments ratio was 1.40, unchanged from October.
New Orders
New orders for manufactured durable goods in November, down two of the last three months, decreased $5.2 billion or 2.1 percent to $242.2 billion, down from the previously published 2.0 percent decrease. This followed a 0.2 percent October increase. Transportation equipment, down three consecutive months, led the decrease, $5.0 billion or 5.9 percent to $79.0 billion. New orders for manufactured nondurable goods increased $1.6 billion or 0.6 percent to $250.8 billion.
Shipments
Shipments of manufactured durable goods in November, up following four consecutive monthly decreases, increased $0.1 billion or virtually unchanged to $251.4 billion, down from the previously published 0.1 percent increase. This followed a 0.1 percent October decrease. Electrical equipment, up two of the last three months, drove the increase, $0.3 billion or 2.2 percent to $11.8 billion. Shipments of manufactured nondurable goods, up two consecutive months, increased $1.6 billion or 0.6 percent to $250.8 billion. This followed a 0.3 percent October increase. Petroleum and coal products, up four of the last five months, led the increase, $1.4 billion or 2.7 percent to $53.5 billion.
Unfilled Orders
Unfilled orders for manufactured durable goods in November, down two of the last three months, decreased $4.9 billion or 0.4 percent to $1,158.7 billion, unchanged from the previously published decrease. This followed a virtually unchanged October increase. Transportation equipment, down following four consecutive monthly increases, led the decrease, $4.8 billion or 0.6 percent to $790.1 billion.
Inventories
Inventories of manufactured durable goods in November, up sixteen of the last seventeen months, increased $1.6 billion or 0.4 percent to $433.7 billion, unchanged from the previously published increase. This followed a 0.3 percent October increase. Transportation equipment, also up sixteen of the last seventeen months, drove the increase, $1.8 billion or 1.2 percent to $149.2 billion. Inventories of manufactured nondurable goods, up following seven consecutive monthly decreases, increased $0.3 billion or 0.1 percent to $267.3 billion. This followed a 0.1 percent October decrease. Petroleum and coal products, up two consecutive months, drove the increase, $0.7 billion or 1.7 percent to $39.6 billion. By stage of fabrication, November materials and supplies increased 0.1 percent in durable goods and 0.2 percent in nondurable goods. Work in process increased 0.7 percent in both durable and nondurable goods. Finished goods increased 0.3 percent in durable goods and decreased 0.2 percent in nondurable goods.
Posted: January 7, 2020 Tuesday 10:00 AM