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New orders for manufactured goods increased 1.3% in December
New orders for manufactured goods in December, up five of the last six months, increased $6.1 billion or 1.3 percent to $464.9 billion, the U.S. Census Bureau reported today. This followed a 2.3 percent November decrease.
Shipments, up nine of the last ten months, increased $10.4 billion or 2.2 percent to $475.8 billion. This followed a 0.3 percent November increase. Unfilled orders, down six of the last seven months, decreased $7.1 billion or 0.6 percent to $1,119.5 billion. This followed a 0.2 percent November decrease. The unfilled orders-to-shipments ratio was 6.62, down from 6.75 in November.
Inventories, up five of the last six months, increased $0.6 billion or 0.1 percent to $625.6 billion. This followed a 0.5 percent November increase. The inventories-to-shipments ratio was 1.31, down from 1.34 in November.
Posted: February 3, 2017 Friday 10:00 AM