Research >> Economics
New orders for manufactured goods increased 1.4% in September
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New orders for manufactured goods in September, up three of the last four months, increased $6.5 billion or 1.4 percent to $478.5 billion, the U.S. Census Bureau reported today. This followed a 1.2 percent August increase. Shipments, up nine of the last ten months, increased $3.9 billion or 0.8 percent to $480.4 billion. This followed a 0.6 percent August increase. Unfilled orders, up following two consecutive monthly decreases, increased $2.7 billion or 0.2 percent to $1,135.0 billion. This followed a virtually unchanged August decrease. The unfilled orders-to-shipments ratio was 6.70, down from 6.76 in August. Inventories, up ten of the last eleven months, increased $4.4 billion or 0.7 percent to $660.8 billion. This followed a 0.6 percent August increase. The inventories-to-shipments ratio was 1.38, unchanged from August.
New Orders
New orders for manufactured durable goods in September, up three of the last four months, increased $4.7 billion or 2.0 percent to $238.4 billion, down from the previously published 2.2 percent increase. This followed a 2.1 percent August increase. Transportation equipment, also up three of the last four months, led the increase, $3.6 billion or 4.7 percent to $80.9 billion. New orders for manufactured nondurable goods increased $1.8 billion or 0.8 percent to $240.1 billion.
Shipments
Shipments of manufactured durable goods in September, up four of the last five months, increased $2.1 billion or 0.9 percent to $240.3 billion, down from the previously published 1.0 percent increase. This followed a 0.7 percent August increase. Transportation equipment, up two of the last three months, led the increase, $0.8 billion or 1.1 percent to $79.5 billion. Shipments of manufactured nondurable goods, up five of the last six months, increased $1.8 billion or 0.8 percent to $240.1 billion. This followed a 0.4 percent August increase. Petroleum and coal products, up three consecutive months, drove the increase, $2.1 billion or 5.0 percent to $44.9 billion.
Unfilled Orders
Unfilled orders for manufactured durable goods in September, up following two consecutive monthly decreases, increased $2.7 billion or 0.2 percent to $1,135.0 billion, unchanged from the previously published increase. This followed a virtually unchanged August decrease. Transportation equipment, also up following two consecutive monthly decreases, led the increase, $1.4 billion or 0.2 percent to $771.9 billion.
Inventories
Inventories of manufactured durable goods in September, up fourteen of the last fifteen months, increased $2.6 billion or 0.6 percent to $403.9 billion, unchanged from the previously published increase. This followed a 0.5 percent August increase. Transportation equipment, up three consecutive months, led the increase, $1.0 billion or 0.7 percent to $131.0 billion. Inventories of manufactured nondurable goods, up four consecutive months, increased $1.8 billion or 0.7 percent to $256.8 billion. This followed a 0.7 percent August increase. Petroleum and coal products, up three consecutive months, led the increase, $1.8 billion or 5.0 percent to $38.6 billion. By stage of fabrication, September materials and supplies increased 0.8 percent in durable goods and increased 1.9 percent in nondurable goods. Work in process increased 0.8 percent in durable goods and increased 1.0 percent in nondurable goods. Finished goods increased 0.2 percent in durable goods and decreased 0.4 percent in nondurable goods.
Posted: November 3, 2017 Friday 10:00 AM