Research >> Economics
New orders for manufactured goods decreased 1.0% in May
New orders for manufactured goods in May, down following two consecutive monthly increases, decreased $4.6 billion or 1.0 percent to $455.2 billion, the U.S. Census Bureau reported today. This followed a 1.8 percent April increase.
Shipments, up three consecutive months, increased $0.2 billion or virtually unchanged to $456.5 billion. This followed a 0.4 percent April increase. Unfilled orders, up four of the last five months, increased $1.7 billion or 0.2 percent to $1,138.9 billion. This followed a 0.6 percent April increase. The unfilled orders-to-shipments ratio was 6.90, down from 6.94 in April.
Inventories, down twelve of the last thirteen months, decreased $0.8 billion or 0.1 percent to $619.7 billion. This followed a 0.1 percent April decrease. The inventories-to-shipments ratio was 1.36, unchanged from April.
Posted: July 5, 2016 Tuesday 10:00 AM