June manufacturing orders drop slightly
New orders for manufactured goods in June, down two consecutive months, decreased $2.3 billion or 0.3% to $656.5 billion, according to the U.S. Census Bureau.
This followed a 1.1% May decrease.
Following six consecutive monthly increases, shipments decreased $1.1 billion or 0.2% to $652.1 billion. This followed a 1.6% May increase.
Unfilled orders, up 23 of the last 24 months, increased $9.6 billion or 0.6% to $1,590.6 billion. This followed a 0.7% May increase. The unfilled orders-to-shipments ratio was 6.86, down from 6.90 in May.
Inventories, up nine consecutive months, increased $0.9 billion or 0.1% to $962.9 billion. This followed a 0.2% May increase. The inventories-to-shipments ratio was 1.48, up from 1.47 in May.
INDUSTRIAL SUPPLY MAGAZINE
The July/August issue of Industrial Supply magazine features an in-depth cover story about Global 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.
