Posted December 7, 2020

Manufactured goods orders up for sixth month in a row

New orders for manufactured goods increased 1.0 percent in October to $480.8 billion.

October was the sixth consecutive month that orders increased, and followed a 1.3 percent September gain.

Shipments, also up six consecutive months, increased 1.0 percent to $488.6 billion.

Unfilled orders, down seven of the last eight months, decreased 0.2 percent to $1,073.3 billion. The unfilled orders-to-shipments ratio was 6.38, down from 6.57 in September.

Inventories, up two of the last three months, increased $1.2 billion or 0.2 percent to $687.3 billion. This followed a 0.1 percent September decrease. The inventories-to-shipments ratio was 1.41, down from 1.42 in September.

New orders for manufactured durable goods increased 1.3 percent to $241.0 billion. This followed a 2.1 percent September increase. Transportation equipment, up five of the last six months, led the increase, gaining 1.4 percent to $77.3 billion. New orders for manufactured nondurable goods increased 0.7 percent to $239.8 billion.

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