Manufacturing orders dip 1.3% in May
New orders for manufactured goods in May decreased $8.5 billion or 1.3% to $657.4 billion, the U.S. Census Bureau reported.
Order dipped following four consecutive monthly increases, including a 5.3% April increase.
Shipments, up seven of the last eight months, increased $10.3 billion or 1.6% to $653.2 billion. This followed a 1.3% April increase.
Unfilled orders, up 22 of the last 23 months, increased $9.2 billion or 0.6% to $1,579.5 billion. This followed a 1.8% April increase.
The unfilled orders-to-shipments ratio was 6.91, down from 6.95 in April.
Inventories, up eight consecutive months, increased $2.1 billion or 0.2% to $962.0 billion. This followed a 0.3% April increase. The inventories-to-shipments ratio was 1.47, down from 1.49 in April.
INDUSTRIAL SUPPLY MAGAZINE
The May/June issue of Industrial Supply magazine features an in-depth cover story about GHX Industrial. 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.
