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.
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.
