Research >> Economics
New orders for manufactured goods decreased 0.8% in May
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New orders for manufactured goods in May, down two consecutive months, decreased $3.7 billion or 0.8 percent to $464.9 billion, the U.S. Census Bureau reported today. This followed a 0.3 percent April decrease. Shipments, up five of the last six months, increased $0.6 billion or 0.1 percent to $471.5 billion. This followed a virtually unchanged April increase. Unfilled orders, down following two consecutive monthly increases, decreased $2.3 billion or 0.2 percent to $1,120.2 billion. This followed a 0.2 percent April increase. The unfilled orders-to-shipments ratio was 6.75, down from 6.83 in April. Inventories, down following six consecutive monthly increases, decreased $0.3 billion or 0.1 percent to $648.9 billion. This followed a virtually unchanged April increase. The inventories-to-shipments ratio was 1.38, unchanged from April.
Shipments of manufactured durable goods in May, up following two consecutive monthly decreases, increased $2.4 billion or 1.0 percent to $235.8 billion, up from the previously published 0.8 percent increase. This followed a 0.2 percent April decrease. Transportation equipment, up following four consecutive monthly decreases, led the increase, $1.8 billion or 2.3 percent to $79.2 billion. Shipments of manufactured nondurable goods, down two of the last three months, decreased $1.8 billion or 0.8 percent to $235.7 billion. This followed a 0.2 percent April increase. Petroleum and coal products, down four consecutive months, led the decrease, $1.4 billion or 3.2 percent to $41.1 billion.
Unfilled orders for manufactured durable goods in May, down following two consecutive monthly increases, decreased $2.3 billion or 0.2 percent to $1,120.2 billion, virtually unchanged from the previously published decrease. This followed a 0.2 percent April increase. Transportation equipment, also down following two consecutive monthly increases, drove the decrease, $3.3 billion or 0.4 percent to $762.9 billion.
Inventories of manufactured durable goods in May, up ten of the last eleven months, increased $0.9 billion or 0.2 percent to $395.8 billion, virtually unchanged from the previously published increase. This followed a 0.2 percent April increase. Primary metals, also up ten of the last eleven months, led the increase, $0.3 billion or 0.8 percent to $33.1 billion. Inventories of manufactured nondurable goods, down three consecutive months, decreased $1.3 billion or 0.5 percent to $253.1 billion. This followed a 0.4 percent April decrease. Petroleum and coal products, also down three consecutive months, drove the decrease, $1.4 billion or 3.7 percent to $35.1 billion. By stage of fabrication, May materials and supplies increased 0.5 percent in durable goods and decreased 0.1 percent in nondurable goods. Work in process increased 0.1 percent in durable goods and decreased 0.1 percent in nondurable goods. Finished goods increased 0.2 percent in durable goods and decreased 1.0 percent in nondurable goods.
Posted: July 5, 2017 Wednesday 10:00 AM