Orders for manufactured goods in June amount to $2.7 billion
03 Aug '07
3 min read
Summary: New orders for manufactured goods in June, up four of the last five months, increased $2.7 billion or 0.6 percent to $419.5 billion, the U.S. Census Bureau reported. This followed a 0.5 percent May decrease. Shipments, down following three consecutive monthly increases, decreased $2.7 billion or 0.6 percent to $414.3 billion. This followed a 0.8 percent May increase.
Unfilled orders, up twenty-five of the last twenty-six months, increased $10.4 billion or 1.4 percent to $736.1 billion. This was at the highest level since the series was first stated on a NAICS basis in 1992 and followed a 0.9 percent May increase. The unfilled orders-to-shipments ratio was 4.95, up from 4.85 in May.
Inventories, up fifteen of the last sixteen months, increased $1.6 billion or 0.3 percent to $516.9 billion. This was also at the highest level since the series was first stated on a NAICS basis in 1992 and followed a 0.4 percent May increase. The inventories-to-shipments ratio was 1.25, up from 1.24 in May.
New Orders: New orders for manufactured durable goods in June, up four of the last five months, increased $2.8 billion or 1.3 percent to $216.7 billion, revised from the previously published 1.4 percent increase. This followed a 2.4 percent May decrease. Transportation equipment, up following two consecutive monthly decreases, had the largest increase, $4.4 billion or 7.1 percent to $66.7 billion. New orders for manufactured nondurable goods decreased $0.2 billion or 0.1 percent to $202.9 billion.
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