Manufactured goods orders dip 0.7% in December
New orders for manufactured goods in December, down two of the last three months, decreased $4.3 billion or 0.7% to $617.5 billion, the U.S. Census Bureau reported.
This followed a 2.7% November increase.
Shipments, up two of the last three months, increased $3.1 billion or 0.5% to $609.2 billion. This followed a 0.2% November decrease.
Unfilled orders, up 17 of the last 18 months, increased $13.4 billion or 0.9% to $1,527.5 billion. This followed a 1.4% November increase.
The unfilled orders-to-shipments ratio was 7.01, down from 7.04 in November.
Inventories, up three consecutive months, increased $1.0 billion or 0.1% to $949.6 billion. This followed a 0.2% November increase.The inventories-to-shipments ratio was 1.56, down from 1.57 in November.
INDUSTRIAL SUPPLY MAGAZINE
The January/February issue of Industrial Supply magazine features an in-depth cover story about Grainger. 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.
