Research >> Economics
New orders for manufactured goods unch% in August 2022
|
Summary
New orders for manufactured goods in August, down two consecutive months, decreased less than $0.1 billion or virtually unchanged to $548.4 billion, the U.S. Census Bureau reported today. This followed a 1.0 percent July decrease. Shipments, up seventeen of the last eighteen months, increased $2.7 billion or 0.5 percent to $547.9 billion. This followed a 0.9 percent July decrease. Unfilled orders, up twenty-four consecutive months, increased $5.3 billion or 0.5 percent to $1,132.1 billion. This followed a 0.7 percent July increase. The unfilled orders-to-shipments ratio was 6.01, down from 6.05 in July. Inventories, down two consecutive months, decreased $1.2 billion or 0.1 percent to $800.2 billion. This followed a virtually unchanged July decrease. The inventories-to-shipments ratio was 1.46, down from 1.47 in July.
New Orders
New orders for manufactured durable goods in August, down two consecutive months, decreased $0.5 billion or 0.2 percent to $272.7 billion, unchanged from the previously published decrease. This followed a 0.1 percent July decrease. Transportation equipment, also down two consecutive months, drove the decrease, $1.0 billion or 1.1 percent to $92.0 billion. New orders for manufactured nondurable goods increased $0.5 billion or 0.2 percent to $275.7 billion.
Shipments
Shipments of manufactured durable goods in August, up fifteen of the last sixteen months, increased $2.2 billion or 0.8 percent to $272.2 billion, up from the previously published 0.7 percent increase. This followed a 0.2 percent July increase. Transportation equipment, up ten of the last eleven months, led the increase, $1.7 billion or 2.0 percent to $88.1 billion. Shipments of manufactured nondurable goods, up seventeen of the last eighteen months, increased $0.5 billion or 0.2 percent to $275.7 billion. This followed a 1.9 percent July decrease. Chemical products, up three of the last four months, drove the increase, $0.6 billion or 0.9 percent to $66.8 billion.
Unfilled Orders
Unfilled orders for manufactured durable goods in August, up twenty-four consecutive months, increased $5.3 billion or 0.5 percent to $1,132.1 billion, unchanged from the previously published increase. This followed a 0.7 percent July increase. Transportation equipment, up eighteen of the last nineteen months, led the increase, $3.9 billion or 0.6 percent to $659.0 billion.
Inventories
Inventories of manufactured durable goods in August, up nineteen consecutive months, increased $1.1 billion or 0.2 percent to $487.5 billion, unchanged from the previously published increase. This followed a 0.2 percent July increase. Machinery, up twenty-two consecutive months, led the increase, $0.5 billion or 0.6 percent to $84.4 billion. Inventories of manufactured nondurable goods, down two consecutive months, decreased $2.3 billion or 0.7 percent to $312.7 billion. This followed a 0.4 percent July decrease. Petroleum and coal products, down three consecutive months, drove the decrease, $3.2 billion or 6.1 percent to $49.5 billion. By stage of fabrication, August materials and supplies were virtually unchanged in durable goods and increased 0.1 percent in nondurable goods. Work in process increased 0.2 percent in durable goods and decreased 2.9 percent in nondurable goods. Finished goods increased 0.6 percent in durable goods and decreased 0.6 percent in nondurable goods.
Posted: October 4, 2022 Tuesday 10:00 AM