US Factory Orders Unchanged in August

New orders for manufactured goods in August, down two consecutive months, decreased slightly to $403.6 billion, the U.S. Census Bureau reported today. This followed a 1.0 percent July decrease.

Shipments, up following two consecutive monthly decreases, increased $4.5 billion or 1.1 percent to $407.8 billion. This was at the highest level since the series was first stated on a NAICS basis in 1992 and followed a 0.1 percent July decrease.
Unfilled orders, up fifteen of the last sixteen months, increased $2.8 billion or 0.4 percent to $632.0 billion.

This was at the highest level since the series began and followed a 1.2 percent July increase. The unfilled orders-to-shipments ratio was 4.20, down from 4.26 in
July.

Inventories, up ten of the last eleven months, increased $1.8 billion or 0.4 percent to $475.5 billion. This followed a 0.8 percent July increase. The inventories-to-shipments ratio was 1.17, unchanged from July.

New orders for manufactured durable goods in August, down for the second consecutive month, decreased slightly to $210.5 billion, revised from the previously published 0.5 percent decrease. This followed a 2.8 percent July decrease.

Electrical equipment, appliances and components, down two of the last three months, had the largest decrease, $0.9 billion or 8.6 percent to $9.9 billion.
New orders for manufactured nondurable goods decreased slightly to $193.1 billion.

Shipments of manufactured durable goods in August, up three of the last four months, increased $4.5 billion or 2.1 percent to $214.7 billion, revised from the previously published 1.9 percent increase. This was at the highest level since the series began and followed a 1.3 percent July decrease.

Transportation equipment, up following two consecutive monthly decreases, had the largest increase, $3.2 billion or 6.0 percent to $57.0 billion. Shipments of manufactured nondurable goods, down two of the last three months, decreased slightly to $193.1 billion. This was due to petroleum and coal products, which decreased $1.5 billion or 3.7 percent to $39.3 billion.

Unfilled orders for manufactured durable goods in August, up fifteen of the last sixteen months, increased $2.8 billion or 0.4 percent to $632.0 billion, unchanged from the previously published increase. This was at the highest level since the series began and followed a 1.2 percent July increase. Transportation equipment, up fifteen of the last sixteen months, had the largest increase, $1.9 billion or 0.6 percent to $331.3 billion.

Inventories of manufactured durable goods in August, up seven of the last eight months, increased $0.9 billion or 0.3 percent to $287.3 billion, revised from the previously published 0.2 percent increase. This followed a 1.1 percent July increase.

Primary metals, up nine consecutive months, had the largest increase, $0.4 billion or 1.4 percent to $28.4 billion. Inventories of manufactured nondurable goods, up eight of the last nine months, increased $0.9 billion or 0.5 percent to $188.2 billion. This was at the highest level since the series began and was led by petroleum and coal products, which increased $0.5 billion or 1.5 percent to $30.5 billion.

By stage of fabrication, August materials and supplies increased 0.8 percent in durable goods and 0.6 percent in nondurable goods. Work in process decreased 0.7 percent in durable goods and increased 1.2 percent in nondurable goods. Finished goods increased 1.0 percent in durable goods and 0.2 percent in nondurable goods.

New orders for manufactured goods in August, down two consecutive months, decreased slightly to $403.6 billion, the U.S. Census Bureau reported today. This followed a 1.0 percent July decrease. Shipments, up following two consecutive monthly decreases, increased $4.5 billion or 1.1 percent to $407.8 billion. This was at the highest level since the series was first stated on a NAICS basis in 1992 and followed a 0.1 percent July decrease.

Unfilled orders, up fifteen of the last sixteen months, increased $2.8 billion or 0.4 percent to $632.0 billion. This was at the highest level since the series began and followed a 1.2 percent July increase. The unfilled orders-to-shipments ratio was 4.20, down from 4.26 in July. Inventories, up ten of the last eleven months, increased $1.8 billion or 0.4 percent to $475.5 billion. This followed a 0.8 percent July increase. The inventories-to-shipments ratio was 1.17, unchanged from July.



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