Research >> Economics
New orders for manufactured goods decreased 0.7%
|
New orders for manufactured goods in October, down three consecutive months, decreased $3.3 billion or 0.7 percent to $496.6 billion, the U.S. Census Bureau reported today. This followed a 0.5 percent September decrease. Excluding transportation, new orders decreased 1.4 percent.
Shipments, down two of the last three months, decreased $3.8 billion or 0.8 percent to $499.2 billion. This followed a 0.1 percent September increase.
Unfilled orders, up eighteen of the last nineteen months, increased $4.9 billion or 0.4 percent to $1,174.2 billion. This was at the highest level since the series was first published on a NAICS basis in 1992 and followed a 0.4 percent September increase. The unfilled orders-to-shipments ratio was 6.73, up from 6.71 in September.
Inventories, up twenty-three of the last twenty-four months, increased $0.5 billion or 0.1 percent to $655.6 billion. This was also at the highest level since the series was first published on a NAICS basis and followed a 0.2 percent September increase. The inventories-to-shipments ratio was 1.31, up from 1.30 in September.
Posted: December 5, 2014 Friday 10:00 AM