September new manufacturing orders inch up 1.8% from August
New orders for manufactured goods in September, up three consecutive months, increased $12.2 billion or 1.8% to $677.2 billion, the U.S. Census Bureau reported Nov. 3.
This followed a 0.3% August increase.
Shipments, up 11 of the last 12 months, increased $8.8 billion or 1.3% to $668.5 billion. This followed a 0.1% August increase.
Unfilled orders, up 26 of the last 27 months, increased $13.8 billion or 0.9% to $1,623.8 billion. This followed a 0.6% August increase. The unfilled orders-to-shipments ratio was 6.84, down from 6.86 in August.
Inventories, up 12consecutive months, increased $3.7 billion or 0.4% to $976.0 billion. This followed a 0.5% August increase. The inventories-to-shipments ratio was 1.46, down from 1.47 in August.
INDUSTRIAL SUPPLY MAGAZINE
The September/October issue of Industrial Supply magazine features an in-depth cover story about Rotator Products. 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.
