Manufactured goods new orders up about 3%
New orders for manufactured goods in September, up six of the last seven months, increased $16.1 billion or 2.8% to $601.5 billion, the U.S. Census Bureau reported last week.
This followed a 1.0% August increase. Shipments, up five consecutive months, increased $2.1 billion or 0.4% to $588.1 billion. This followed a 1.3% August increase.
Unfilled orders, up nine of the last 10 months, increased $18.4 billion or 1.4% to $1,353.6 billion. This followed a 0.3% August increase.
The unfilled orders-to-shipments ratio was 6.88, up from 6.78 in August. Inventories, up three consecutive months, increased $2.0 billion or 0.2% to $857.3 billion. This followed a 0.3% August increase.
The inventories-to-shipments ratio was 1.46, unchanged from August.
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.
