November new orders bounce up 2.5%
New orders for manufactured goods in November, up three of the last four months, increased $14.9 billion or 2.6% to $592.9 billion, the U.S. Census Bureau reported.
This followed a 3.4% October decrease.
Shipments, up following two consecutive monthly decreases, increased $2.7 billion or 0.5% to $580.7 billion. This followed a 1.3% October decrease.
Unfilled orders, up 11 of the last 12 months, increased $17.1 billion or 1.3%t to $1,374.8 billion. This followed a 0.4% October increase.
The unfilled orders-to-shipments ratio was 6.95, up from 6.91 in October. Inventories, up five consecutive months, increased $0.6 billion or 0.1% to $857.1 billion. This followed a virtually unchanged October increase.
The inventories-to-shipments ratio was 1.48, unchanged from October.
INDUSTRIAL SUPPLY MAGAZINE
The November/December issue of Industrial Supply magazine features an in-depth cover story about Kimball Midwest. Plus, we're featuring articles by contributing writers Dirk Beveridge, Frank Hurtte, and Mike Marks, as well as interviews with numerous product and distribution industry experts.
