Manufactured goods orders drop 3.6%
January's new orders for manufactured goods, down three of the last four months, decreased $21.5 billion or 3.6% to $569.7 billion, the U.S. Census Bureau reported.
This followed a 0.3% December decrease.
Shipments, down four of the last five months, decreased $5.7 billion or 1.0% to $572.3 billion. This followed a 0.5% December decrease.
Unfilled orders, up 13 of the last 14 months, increased $2.1 billion or 0.2% to $1,395.1 billion. This followed a 1.3% December increase.
The unfilled orders-to-shipments ratio was 7.18, up from 7.10 in December. Inventories, down two consecutive months, decreased $0.8 billion or 0.1% to $855.8 billion. This followed a virtually unchanged December decrease. T
The inventories-to-shipments ratio was 1.50, up from 1.48 in December.
INDUSTRIAL SUPPLY MAGAZINE
The March/April issue of Industrial Supply magazine features an in-depth cover story about Joyce Lansdale and Vallen. Plus, we're featuring articles by contributing writers Dirk Beveridge, Frank Hurtte, and David Kahle, as well as interviews with numerous product and distribution industry experts.
