Research >> Economics
New orders for manufactured goods decreased 3.4%
New orders for manufactured goods in January, down six consecutive months, decreased $0.9 billion or 0.2 percent to $470.0 billion, the U.S. Census Bureaureported today. This followed a 3.5 percent December decrease. Excluding transportation, new orders decreased 1.8 percent.
Shipments, down five of the last six months, decreased $9.8 billion or 2.0 percent to $479.1 billion. This followed a 0.9 percent December decrease.
Unfilled orders, down two consecutive months, decreased $2.2 billion or 0.2 percent to $1,163.4 billion. This followed a 0.9 percent December decrease. The unfilled orders-to-shipments ratio was 6.68, up from 6.65 in December.
Inventories, down two consecutive months, decreased $2.5 billion or 0.4 percent to $650.5 billion. This followed a 0.4 percent December decrease. The inventories-to-shipments ratio was 1.36, up from 1.34 in December.
Posted: March 5, 2015 Thursday 10:00 AM