Research >> Economics
New orders for manufactured goods increased 1.8% in August 2021
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Summary
New orders for manufactured goods in August, up fifteen of the last sixteen months, increased $6.2 billion or 1.2 percent to $515.7 billion, the U.S. Census Bureau reported today. This followed a 0.7 percent July increase. Shipments, also up fifteen of the last sixteen months, increased $0.3 billion or 0.1 percent to $508.3 billion. This followed a 1.5 percent July increase. Unfilled orders, up seven consecutive months, increased $11.9 billion or 1.0 percent to $1,239.4 billion. This followed a 0.5 percent July increase. The unfilled orders-to-shipments ratio was 6.86, up from 6.81 in July. Inventories, up fourteen of the last fifteen months, increased $4.1 billion or 0.6 percent to $749.3 billion. This followed a 0.6 percent July increase. The inventories-to-shipments ratio was 1.47, unchanged from July.
New Orders
New orders for manufactured durable goods in August, up fifteen of the last sixteen months, increased $4.7 billion or 1.8 percent to $263.6 billion, unchanged from the previously published increase. This followed a 0.5 percent July increase. Transportation equipment, up three of the last four months, led the increase, $4.1 billion or 5.4 percent to $80.7 billion. New orders for manufactured nondurable goods increased $1.5 billion or 0.6 percent to $252.1 billion.
Shipments
Shipments of manufactured durable goods in August, down following three consecutive monthly increases, decreased $1.2 billion or 0.5 percent to $256.1 billion, unchanged from the previously published decrease. This followed a 2.0 percent July increase. Transportation equipment, down following two consecutive monthly increases, drove the decrease, $2.1 billion or 2.8 percent to $73.4 billion. Shipments of manufactured nondurable goods, up fifteen of the last sixteen months, increased $1.5 billion or 0.6 percent to $252.1 billion. This followed a 0.9 percent July increase. Petroleum and coal products, up fourteen of the last fifteen months, led the increase, $0.5 billion or 1.1 percent to $51.0 billion.
Unfilled Orders
Unfilled orders for manufactured durable goods in August, up seven consecutive months, increased $11.9 billion or 1.0 percent to $1,239.4 billion, unchanged from the previously published increase. This followed a 0.5 percent July increase. Transportation equipment, up six of the last seven months, led the increase, $7.3 billion or 0.9 percent to $820.9 billion.
Inventories
Inventories of manufactured durable goods in August, up seven consecutive months, increased $3.5 billion or 0.8 percent to $457.9 billion, unchanged from the previously published increase. This followed a 0.8 percent July increase. Transportation equipment, also up seven consecutive months, led the increase, $1.3 billion or 0.8 percent to $153.5 billion. Inventories of manufactured nondurable goods, up twelve of the last thirteen months, increased $0.7 billion or 0.2 percent to $291.4 billion. This followed a 0.4 percent July increase. Plastics and rubber products, up eleven of the last twelve months, led the increase, $0.4 billion or 1.3 percent to $28.9 billion. By stage of fabrication, August materials and supplies increased 1.3 percent in durable goods and 0.7 percent in nondurable goods. Work in process increased 0.2 percent in durable goods and decreased 1.1 percent in nondurable goods. Finished goods increased 0.7 percent in durable goods and 0.4 percent in nondurable goods.
Posted: October 4, 2021 Monday 10:00 AM