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.
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.
