October new orders total declines slightly
New orders for manufactured goods in October, down following two consecutive monthly increases, decreased $21.8 billion or 3.6% to $576.8 billion, the U.S. Census Bureau reported December 4.
This followed a 2.3% September increase.
Shipments, down two consecutive months, decreased $8.2 billion or 1.4% to $577.8 billion. This followed a virtually unchanged September decrease.
Unfilled orders, up 10 of the last 11 months, increased $4.0 billion or 0.3% to $1,356.8 billion. This followed a 1.3% September increase. The unfilled orders-to-shipments ratio was 6.90, up from 6.88 in September.
Inventories, up four consecutive months, increased $0.5 billion or 0.1% to $857.0 billion. This followed a 0.1 percent September increase. The inventories-to-shipments ratio was 1.48, up from 1.46 in September.
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.
