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Posted September 4, 2024

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.

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