Research >> Economics
New orders for manufactured goods increased 0.4%
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New orders for manufactured goods in June, up four of the last five months, increased $1.4 billion or 0.4 percent to $349.0 billion, the U.S. Census Bureau reported today. This followed a 1.1 percent May increase. Excluding transportation, new orders increased 2.3 percent.
Shipments, up following ten consecutive monthly decreases, increased $4.9 billion or 1.4 percent to $358.3 billion. This followed a 0.8 percent May decrease.
Unfilled orders, down nine consecutive months, decreased $6.5 billion or 0.9 percent to $740.2 billion. This was the longest streak of consecutive monthly decreases since November 2001-July 2002. This followed a 0.3 percent May decrease. The unfilled orders-to-shipments ratio was 6.04, down from 6.15 in May.
Inventories, down ten consecutive months, decreased $4.2 billion or 0.8 percent to $508.3 billion. This was the longest streak of consecutive monthly decreases since March 2003-January 2004 and followed a 0.8 percent May decrease. The inventories-to-shipments ratio was 1.42, down from 1.45 in May.
Posted: August 5, 2009 Wednesday 10:00 AM