Research >> Economics
New orders for manufactured goods increased 2.8%
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New orders for manufactured goods in July, up two of the last three months, increased $12.9 billion or 2.8 percent to $478.6 billion, the U.S. Census Bureau reported today. This followed a 0.5 percent June decrease. Excluding transportation, new orders increased 0.7 percent.
Shipments, up two of the last three months, increased $9.5 billion or 2.0 percent to $478.8 billion. This followed a 1.2 percent June decrease.
Unfilled orders, up two consecutive months, increased $7.9 billion or 0.8 percent to $996.6 billion. This followed a 0.4 percent June increase. The unfilled orders-to-shipments ratio was 6.21, down from 6.28 in June.
Inventories, up following three consecutive monthly decreases, increased $3.1 billion or 0.5 percent to $607.3 billion. This was at the highest level since the series was first published on a NAICS basis in 1992 and followed a 0.1 percent June decrease. The inventories-to-shipments ratio was 1.27, down from 1.29 in June.
Posted: August 31, 2012 Friday 10:00 AM