July new orders of manufactured goods drop slightly, shipments continue to increase
New orders for manufactured goods in July, down three of the last four months, decreased $7.8 billion or 1.3% to $603.6 billion, the U.S. Census Bureau reported Wednesday.
This followed a 4.8% June decrease.
Shipments, up three consecutive months, increased $5.3 billion or 0.9% to $608.3 billion. This followed a 0.6% June increase.
Unfilled orders, up 12 of the last 13 months, increased $0.4 billion or virtually unchanged to $1,469.6 billion. This followed a 0.9% June increase. The unfilled orders-to-shipments ratio was 6.87, down from 7.01 in June.
Inventories, up nine of the last 10 months, increased $2.6 billion or 0.3% to $948.8 billion. This followed a 0.2% June increase. The inventories-to-shipments ratio was 1.56, down from 1.57 in June.
INDUSTRIAL SUPPLY MAGAZINE
The September/October issue of Industrial Supply magazine features an in-depth cover story about American Producers Supply. 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.
