Research >> Economics
New orders for manufactured goods increased 1.4% in January 2022
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Summary
New orders for manufactured goods in January, up twenty of the last twenty-one months, increased $7.6 billion or 1.4 percent to $544.2 billion, the U.S. Census Bureau reported today. This followed a 0.7 percent December increase. Shipments, also up twenty of the last twenty-one months, increased $6.2 billion or 1.2 percent to $536.9 billion. This followed a 0.7 percent December increase. Unfilled orders, up twelve consecutive months, increased $11.7 billion or 0.9 percent to $1,283.5 billion. This followed a 0.8 percent December increase. The unfilled orders-to-shipments ratio was 6.74, down from 6.80 in December. Inventories, up nineteen of the last twenty months, increased $5.6 billion or 0.7 percent to $779.6 billion. This followed a 0.4 percent December increase. The inventories-to-shipments ratio was 1.45, down from 1.46 in December.
New Orders
New orders for manufactured durable goods in January, up eight of the last nine months, increased $4.3 billion or 1.6 percent to $277.6 billion, unchanged from the previously published increase. This followed a 1.2 percent December increase. Transportation equipment, up three consecutive months, led the increase, $2.9 billion or 3.4 percent to $87.7 billion. New orders for manufactured nondurable goods increased $3.3 billion or 1.2 percent to $266.7 billion.
Shipments
Shipments of manufactured durable goods in January, up eight of the last nine months, increased $2.9 billion or 1.1 percent to $270.3 billion, down from the previously published 1.2 percent increase. This followed a 1.3 percent December increase. Machinery, up ten of the last eleven months, led the increase, $1.0 billion or 2.7 percent to $38.9 billion. Shipments of manufactured nondurable goods, up twenty of the last twenty-one months, increased $3.3 billion or 1.2 percent to $266.7 billion. This followed a 0.1 percent December increase. Petroleum and coal products, up eight of the last nine months, led the increase, $1.6 billion or 2.8 percent to $58.6 billion.
Unfilled Orders
Unfilled orders for manufactured durable goods in January, up twelve consecutive months, increased $11.7 billion or 0.9 percent to $1,283.5 billion, unchanged from the previously published increase. This followed a 0.8 percent December increase. Transportation equipment, up eleven of the last twelve months, led the increase, $9.6 billion or 1.1 percent to $848.8 billion.
Inventories
Inventories of manufactured durable goods in January, up twelve consecutive months, increased $2.1 billion or 0.4 percent to $476.3 billion, unchanged from the previously published increase. This followed a 0.8 percent December increase. Machinery, up fifteen consecutive months, led the increase, $0.8 billion or 1.0 percent to $79.5 billion. Inventories of manufactured nondurable goods, up fifteen of the last sixteen months, increased $3.5 billion or 1.2 percent to $303.3 billion. This followed a 0.2 percent December decrease. Petroleum and coal products, up eight of the last nine months, led the increase, $2.7 billion or 6.3 percent to $46.2 billion. By stage of fabrication, January materials and supplies increased 0.1 percent in durable goods and 0.8 percent in nondurable goods. Work in process was virtually unchanged in durable goods and increased 2.0 percent in nondurable goods. Finished goods increased 1.4 percent in durable goods and 1.1 percent in nondurable goods.
Posted: March 3, 2022 Thursday 10:00 AM