Orders for manufactured goods rises 5.0%
New orders for manufactured goods in July rose 5.0% to $592.1 billion following two consecutive monthly decreases, according to the U.S. Census Bureau.
This followed a 3.3% June decrease.
Shipments, up five of the last six months, increased $5.4 billion or 0.9% to $593.8 billion. This followed a 0.6% June increase.
Unfilled orders, up 47 of the last 48 months, increased $3.1 billion or 0.2% to $1,386.3 billion. This followed a 1.4% June decrease.
The unfilled orders-to-shipments ratio was 6.76, down from 6.91 in June.
Inventories, up five of the last six months, increased $0.6 billion or 0.1% to $859.4 billion. This followed a 0.1% June decrease. The inventories-to-shipments ratio was 1.45, down from 1.46 in June.