New orders for manufactured goods in US down 0.5% MoM in Sept 2024

New orders for manufactured non-durable goods decreased by $0.7 billion, or 0.2 per cent, MoM to $299.4 billion.

Shipments, down in two consecutive months, decreased by $2.2 billion, or 0.4 per cent, MoM to $586.9 billion in the month. This followed a 0.7-per cent MoM decrease in August.

Shipments of manufactured durable goods in September, down two consecutive months, decreased by $1.6 billion, or 0.5 per cent, MoM to $287.5 billion, up from the previously published 0.6-per cent decrease. This followed a 0.6-per cent August decrease MoM.

Shipments of manufactured non-durable goods, down two consecutive months, decreased by $0.7 billion, or 0.2 per cent, to $299.4 billion. This followed a 0.7 per cent August decrease MoM.

Unfilled orders, up in 49 of the last 50 months, increased by $2.1 billion, or 0.2 per cent, MoM to $1,391 billion in September. This followed a 0.2 per cent August increase MoM. The unfilled orders-to-shipments ratio in the country was 6.94, up from 6.86 in August.

Inventories, down following two consecutive monthly increases, decreased by $1.9 billion, or 0.2 per cent, MoM to $858.1 billion. This followed a 0.1 per cent August increase MoM. The inventories-to-shipments ratio was 1.46, unchanged from August, a release from the Census Bureau said.

ALCHEMPro News Desk (DS)