U.S. Census Bureau release Advance report on manufacturers' shipments, inventories & orders October 2007.
Summary: New orders for manufactured goods in October, up four of the last five months, increased $2.3 billion or 0.5 percent to $423.5 billion, the U.S. Census Bureau reported. This followed a 0.3 percent September increase.
Shipments, up three of the last four months, increased $4.3 billion or 1.0 percent to $422.3 billion. This followed a 0.1 percent September increase. Unfilled orders, up twenty-nine of the last thirty months, increased $7.7 billion or 1.0 percent to $779.5 billion.
This was at the highest level since the series was first stated on a NAICS basis in 1992 and followed a 1.1 percent September increase. The unfilled orders-toshipments ratio was 5.21, up from 5.17 in September.
Inventories, up eight of the last nine months, increased $0.3 billion or 0.1 percent to $520.0 billion. This was also at the highest level since the series was first stated on a NAICS basis in 1992 and followed a 0.6 percent September increase. The inventories-to-shipments ratio was 1.23, down from 1.24 in September.
New Orders: New orders for manufactured durable goods in October, down three consecutive months, decreased $0.4 billion or 0.2 percent to $215.0 billion, revised from the previously published 0.4 percent decrease. This followed a 1.4 percent September decrease. New orders for manufactured nondurable goods increased $2.7 billion or 1.3 percent to $208.5 billion.
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