Research >> Economics
New orders for manufactured goods increased 0.3% in October
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New orders for manufactured goods in October, up following two consecutive monthly decreases, increased $1.4 billion or 0.3 percent to $497.0 billion, the U.S. Census Bureau reported today. This followed a 0.8 percent September decrease. Shipments, up following three consecutive monthly decreases, increased less than $0.1 billion or virtually unchanged to $500.2 billion. This followed a 0.4 percent September decrease. Unfilled orders, up three of the last four months, increased $1.0 billion or 0.1 percent to $1,164.3 billion. This followed a virtually unchanged September decrease. The unfilled orders‐to‐shipments ratio was 6.67, down from 6.70 in September. Inventories, up ten of the last eleven months, increased $0.9 billion or 0.1 percent to $698.8 billion. This followed a 0.3 percent September increase. The inventories‐to‐shipments ratio was 1.40, unchanged from September.
New Orders
New orders for manufactured durable goods in October, up four of the last five months, increased $1.3 billion or 0.5 percent to $248.4 billion, down from the previously published 0.6 percent increase. This followed a 1.5 percent September decrease. Transportation equipment, also up four of the last five months, led the increase, $0.6 billion or 0.7 percent to $84.6 billion. New orders for manufactured nondurable goods increased $0.1 billion or virtually unchanged to $248.6 billion.
Shipments
Shipments of manufactured durable goods in October, down four consecutive months, decreased less than $0.1 billion or virtually unchanged to $251.6 billion, down from the previously published increase. This followed a 0.7 percent September decrease. Transportation equipment, also down four consecutive months, drove the decrease, $0.3 billion or 0.4 percent to $83.7 billion. Shipments of manufactured nondurable goods, up following two consecutive monthly decreases, increased $0.1 billion or virtually unchanged to $248.6 billion. This followed a 0.1 percent September decrease. Petroleum and coal products, up three of the last four months, drove the increase, $0.3 billion or 0.7 percent to $51.7 billion.
Unfilled Orders
Unfilled orders for manufactured durable goods in October, up three of the last four months, increased $1.0 billion or 0.1 percent to $1,164.3 billion, unchanged from the previously published increase. This followed a virtually unchanged September decrease. Transportation equipment, up four consecutive months, led the increase, $0.9 billion or 0.1 percent to $795.5 billion.
Inventories
Inventories of manufactured durable goods in October, up fifteen of the last sixteen months, increased $1.6 billion or 0.4 percent to $432.2 billion, up from the previously published 0.3 percent increase. This followed a 0.5 percent September increase. Transportation equipment, also up fifteen of the last sixteen months, drove the increase, $1.9 billion or 1.3 percent to $147.4 billion. Inventories of manufactured nondurable goods, down seven consecutive months, decreased $0.7 billion or 0.3 percent to $266.6 billion. This followed a virtually unchanged September decrease. Food products, down two of the last three months, led the decrease, $0.4 billion or 0.8 percent to $54.0 billion. By stage of fabrication, October materials and supplies increased 0.2 percent in durable goods and were virtually unchanged in nondurable goods. Work in process increased 0.8 percent in durable goods and decreased 1.3 percent in nondurable goods. Finished goods were virtually unchanged in both durable and nondurable goods.
Posted: December 5, 2019 Thursday 10:00 AM