Research >> Economics
New orders for manufactured goods increased 0.7% in September
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New orders for manufactured goods in September, up four of the last five months, increased $3.4 billion or 0.7 percent to $515.3 billion, the U.S. Census Bureau reported today. This followed a 2.6 percent August increase. Shipments, up sixteen of the last seventeen months, increased $4.6 billion or 0.9 percent to $509.8 billion. This followed a 0.7 percent August increase. Unfilled orders, up ten of the last eleven months, increased $9.7 billion or 0.8 percent to $1,186.5 billion. This followed a 0.9 percent August increase. The unfilled orders‐to‐shipments ratio was 6.64, down from 6.67 in August. Inventories, up twenty‐three consecutive months, increased $3.7 billion or 0.5 percent to $680.4 billion. This followed a 0.1 percent August increase. The inventories‐to‐shipments ratio was 1.33, down from 1.34 in August.
New Orders
New orders for manufactured durable goods in September, up three of the last four months, increased $1.8 billion or 0.7 percent to $262.0 billion, down from the previously published 0.8 percent increase. This followed a 4.7 percent August increase. Transportation equipment, also up three of the last four months, drove the increase, $1.9 billion or 1.9 percent to $97.4 billion. New orders for manufactured nondurable goods increased $1.6 billion or 0.6 percent to $253.3 billion.
Shipments
Shipments of manufactured durable goods in September, up four of the last five months, increased $3.0 billion or 1.2 percent to $256.5 billion, down from the previously published 1.3 percent increase. This followed a 0.9 percent August increase. Transportation equipment, up three of the last four months, led the increase, $2.8 billion or 3.3 percent to $89.4 billion. Shipments of manufactured nondurable goods, up fifteen of the last sixteen months, increased $1.6 billion or 0.6 percent to $253.3 billion. This followed a 0.6 percent August increase. Petroleum and coal products, up fourteen of the last fifteen months, led the increase, $1.4 billion or 2.4 percent to $57.9 billion.
Unfilled Orders
Unfilled orders for manufactured durable goods in September, up ten of the last eleven months, increased $9.7 billion or 0.8 percent to $1,186.5 billion, unchanged from the previously published increase. This followed a 0.9 percent August increase. Transportation equipment, up seven of the last eight months, led the increase, $8.0 billion or 1.0 percent to $818.8 billion.
Inventories
Inventories of manufactured durable goods in September, up twenty of the last twenty‐one months, increased $3.0 billion or 0.7 percent to $410.9 billion, unchanged from the previously published increase. This followed a 0.2 percent August decrease. Transportation equipment, up two of the last three months, led the increase, $1.2 billion or 0.9 percent to $130.5 billion. Inventories of manufactured nondurable goods, up fifteen consecutive months, increased $0.7 billion or 0.2 percent to $269.5 billion. This followed a 0.5 percent August increase. Petroleum and coal products, up five of the last six months, led the increase, $0.3 billion or 0.8 percent to $43.2 billion. By stage of fabrication, September materials and supplies increased 0.8 percent in durable goods and decreased 0.3 percent in nondurable goods. Work in process increased 0.7 percent in durable goods and increased 2.2 percent in nondurable goods. Finished goods increased 0.7 percent in durable goods and decreased 0.2 percent in nondurable goods.
Posted: November 2, 2018 Friday 10:00 AM