October manufacturing new orders down 1.3%
Following two consecutive monthly increases, October new orders for manufactured goods decreased $8.1 billion or 1.3% to $604.8 billion, according to data from U.S. Census Bureau on Jan. 7.
This followed a 0.2% September increase.
Shipments, up following two consecutive monthly decreases, increased $0.5 billion or 0.1% to $607.0 billion. This followed a 0.1% September decrease.
Unfilled orders, up 15 of the last 16 months, increased $2.7 billion or 0.2% to $1,492.8 billion. This followed a 0.8% September increase. The unfilled orders-to-shipments ratio was 6.92, down from 6.98 in September.
Inventories, up following two consecutive monthly decreases, increased $0.4 billion or virtually unchanged to $947.0 billion. This followed a 0.1% September decrease. The inventories-to-shipments ratio was 1.56, unchanged from September.
INDUSTRIAL SUPPLY MAGAZINE
The November/December issue of Industrial Supply magazine features an in-depth cover story about Applied Industrial Technologies. Plus, we're featuring articles by contributing writers Dr. Bharani Nagarathnam and Frank Hurtte, as well as interviews with numerous product and distribution industry experts.
