Research >> Economics
New orders for manufactured goods decreased 0.1% in July 2021
|
Summary
New orders for manufactured goods in July, up fourteen of the last fifteen months, increased $1.9 billion or 0.4 percent to $508.1 billion, the U.S. Census Bureau reported today. This followed a 1.5 percent June increase. Shipments, also up fourteen of the last fifteen months, increased $7.8 billion or 1.6 percent to $508.5 billion. This followed a 1.9 percent June increase. Unfilled orders, up six consecutive months, increased $4.1 billion or 0.3 percent to $1,225.6 billion. This followed a 0.8 percent June increase. The unfilled orders-to-shipments ratio was 6.79, down from 6.90 in June. Inventories, up thirteen of the last fourteen months, increased $3.7 billion or 0.5 percent to $744.4 billion. This followed a 1.0 percent June increase. The inventories-to-shipments ratio was 1.46, down from 1.48 in June.
New Orders
New orders for manufactured durable goods in July, down following two consecutive monthly increases, decreased $0.3 billion or 0.1 percent to $257.4 billion, unchanged from the previously published decrease. This followed a 0.8 percent June increase. Transportation equipment, also down following two consecutive monthly increases, drove the decrease, $1.7 billion or 2.1 percent to $75.3 billion. New orders for manufactured nondurable goods increased $2.2 billion or 0.9 percent to $250.7 billion.
Shipments
Shipments of manufactured durable goods in July, up four of the last five months, increased $5.6 billion or 2.2 percent to $257.8 billion, unchanged from the previously published increase. This followed a 1.6 percent June increase. Transportation equipment, up two consecutive months, led the increase, $3.4 billion or 4.6 percent to $75.9 billion. Shipments of manufactured nondurable goods, up fourteen of the last fifteen months, increased $2.2 billion or 0.9 percent to $250.7 billion. This followed a 2.2 percent June increase. Chemical products, also up fourteen of the last fifteen months, led the increase, $0.9 billion or 1.3 percent to $65.6 billion.
Unfilled Orders
Unfilled orders for manufactured durable goods in July, up six consecutive months, increased $4.1 billion or 0.3 percent to $1,225.6 billion, unchanged from the previously published increase. This followed a 0.8 percent June increase. Machinery, up sixteen consecutive months, led the increase, $2.4 billion or 2.2 percent to $109.3 billion.
Inventories
Inventories of manufactured durable goods in July, up six consecutive months, increased $2.8 billion or 0.6 percent to $453.7 billion, unchanged from the previously published increase. This followed a 0.9 percent June increase. Primary metals, up twelve consecutive months, led the increase, $0.8 billion or 2.0 percent to $40.1 billion. Inventories of manufactured nondurable goods, up eleven of the last twelve months, increased $1.0 billion or 0.3 percent to $290.7 billion. This followed a 1.1 percent June increase. Petroleum and coal products, up eight of the last nine months, led the increase, $0.6 billion or 1.4 percent to $42.5 billion. By stage of fabrication, July materials and supplies increased 1.6 percent in durable goods and 0.9 percent in nondurable goods. Work in process increased 0.1 percent in durable goods and decreased 0.4 percent in nondurable goods. Finished goods increased 0.1 percent in durable goods and 0.2 percent in nondurable goods.
Posted: September 2, 2021 Thursday 10:00 AM