August manufacturing orders inch up
New orders for manufactured goods in August increased $8.4 billion or 1.4% to $612.0 billion following two consecutive monthly decreases, the U.S. Census Bureau reported.
This followed a 1.3% July decrease.
Shipments, down following three consecutive monthly increases, decreased $0.8 billion or 0.1% to $607.7 billion. This followed a 0.9% July increase.
Unfilled orders, up 13 of the last 14 months, increased $9.4 billion or 0.6% to $1,478.7 billion. This followed a virtually unchanged July increase. The unfilled orders-to-shipments ratio was 6.93, up from 6.86 in July.
Inventories, up 10 of the last 11 months, increased $0.2 billion or virtually unchanged to $948.4 billion. This followed a 0.2% July increase. The inventories-to-shipments ratio was 1.56, unchanged from July.
INDUSTRIAL SUPPLY MAGAZINE
The November/December issue of Industrial Supply magazine features an in-depth cover story about Applied Industrial Technologies. 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.
