Manufactured goods order continue upward trend
New orders for manufactured goods in September increased $1.2 billion or 0.2% to $612.6 billion, the U.S. Census Bureau reported.
This followed a 1.3% August increase. Shipments, down two consecutive months, decreased $0.2 billion or virtually unchanged to $606.7 billion. This followed a 0.3% August decrease.
Unfilled orders, up 14 of the last 15 months, increased $10.9 billion or 0.7% to $1,489.8 billion. This followed a 0.7% August increase. The unfilled orders-to-shipments ratio was 6.98, up from 6.93 in August.
Inventories, down two consecutive months, decreased $0.8 billion or 0.1% to $946.8 billion. This followed a 0.1% August decrease. The inventories-to-shipments ratio was 1.56, unchanged from August.
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.
