New orders for manufactured goods in July decreased month over month to $12.7 billion, a 2.1% decline from June.
The U.S. Census Bureau reported Sept. 5 that new orders for manufactured goods in July — down following four consecutive monthly increases — decreased $12.7 billion, or 2.1% month-over-month, to $579.4 billion. The July number followed a 2.3% increase in June.
Shipments, up three consecutive months, increased $2.9 billion, or 0.5%, to $577.2 billion. That followed a 0.2% June increase.
Unfilled orders, up seven of the last eight months, increased $7.2 billion, or 0.5%, to $1.332 trillion, following a 1.8% June increase. The unfilled orders-to-shipments ratio was 6.80, up from 6.74 in June.
Inventories, up following two consecutive monthly decreases, increased $0.6 billion, or 0.1%, to $852.5 billion. This followed a 0.2% June decrease. The inventories-to-shipments ratio was 1.48, unchanged from June, according to the bureau.
Related Posts
-
New orders for manufactured goods in June — up 6 of the past 7 months…
-
Consumer prices increased at a slightly higher pace than in June, while core inflation ticked…
-
Manufacturing output rose 0.5% in July, but the growth rates for the previous three months…
Mark Powell is MDM’s Associate Editor. He is a former mainstream news reporter and editor and has worked in the online, print, radio and TV news industries. Mark earned a bachelor’s degree from San Jose State University and a master’s degree from California State University, Bakersfield. He has lived and worked in various cities across California, Colorado and Kansas and currently lives in Shafter, California.
Read the latest articles and see your reports.
Sign Up for the MDM Update Newsletter
The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.
