Census Bureau full report: July orders down 2%
New orders for manufactured goods in July, down following four consecutive monthly increases, decreased $12.7 billion or 2.1% to $579.4 billion, the U.S. Census Bureau reported September 5. This followed a 2.3% June increase.
Shipments, up three consecutive months, increased $2.9 billion or 0.5% to $577.2 billion. This followed a 0.2% June increase.
Unfilled orders, up seven of the last eight months, increased $7.2 billion or 0.5% to $1,332.0 billion. This followed a 1.8% June increase.
The unfilled orders-to-shipments ratio was 6.80, up from 6.74 in June. Inventories, up following two consecutive monthly decreases, increased $0.6 billion or 0.1% to $852.5 billion. This followed a 0.2% June decrease.
The inventories-to-shipments ratio was 1.48, unchanged from June.
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.
