Research >> Economics
New orders for manufactured goods decreased 0.6% in September
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New orders for manufactured goods in September, down two consecutive months, decreased $2.9 billion or 0.6 percent to $496.7 billion, the U.S. Census Bureau reported today. This followed a 0.1 percent August decrease. Shipments, down three consecutive months, decreased $1.1 billion or 0.2 percent to $501.1 billion. This followed a 0.3 percent August decrease. Unfilled orders, down following two consecutive monthly increases, decreased $0.1 billion or virtually unchanged to $1,163.3 billion. This followed a 0.1 percent August increase. The unfilled orders‐to‐shipments ratio was 6.69, up from 6.68 in August. Inventories, up nine of the last ten months, increased $2.2 billion or 0.3 percent to $697.9 billion. This followed a 0.1 percent August decrease. The inventories‐to‐shipments ratio was 1.39, unchanged from August.
New Orders
New orders for manufactured durable goods in September, down following three consecutive monthly increases, decreased $3.1 billion or 1.2 percent to $247.7 billion, down from the previously published 1.1 percent decrease. This followed a 0.2 percent August increase. Transportation equipment, also down following three consecutive monthly increases, led the decrease, $2.4 billion or 2.8 percent to $84.3 billion. New orders for manufactured nondurable goods increased $0.1 billion or 0.1 percent to $249.0 billion.
Shipments
Shipments of manufactured durable goods in September, down three consecutive months, decreased $1.2 billion or 0.5 percent to $252.1 billion, down from the previously published 0.4 percent decrease. This followed a 0.2 percent August decrease. Transportation equipment, also down three consecutive months, led the decrease, $1.2 billion or 1.3 percent to $84.4 billion. Shipments of manufactured nondurable goods, up two of the last three months, increased $0.1 billion or 0.1 percent to $249.0 billion. This followed a 0.4 percent August decrease. Petroleum and coal products, also up two of the last three months, drove the increase, $0.2 billion or 0.4 percent to $51.3 billion.
Unfilled Orders
Unfilled orders for manufactured durable goods in September, down following two consecutive monthly increases, decreased $0.1 billion or virtually unchanged to $1,163.3 billion, unchanged from the previously published decrease. This followed a 0.1 percent August increase. Fabricated metal products, down following three consecutive monthly increases, drove the decrease, $0.2 billion or 0.2 percent to $86.9 billion.
Inventories
Inventories of manufactured durable goods in September, up fourteen of the last fifteen months, increased $2.0 billion or 0.5 percent to $430.3 billion, unchanged from the previously published increase. This followed a 0.3 percent August increase. Transportation equipment, also up fourteen of the last fifteen months, drove the increase, $2.2 billion or 1.5 percent to $145.5 billion. Inventories of manufactured nondurable goods, up following five consecutive monthly decreases, increased $0.2 billion or 0.1 percent to $267.6 billion. This followed a 0.6 percent August decrease. Chemical products, up following two consecutive monthly decreases, drove the increase, $0.5 billion or 0.5 percent to $91.1 billion. By stage of fabrication, September materials and supplies increased 0.1 percent in durable goods and decreased 0.5 percent in nondurable goods. Work in process increased 1.2 percent in durable goods and 0.5 percent in nondurable goods. Finished goods were virtually unchanged in durable goods and increased 0.3 percent in nondurable goods.
Posted: November 4, 2019 Monday 10:00 AM