Manufacturers Shipments, Orders & Inventories
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Steve Verdon | Friday, December 5, 2008 |
Are also down for the third consecutive month for new orders, and shipments. Unfilled orders are down for the first time, and inventories are down for the second consecutive month.
New orders for manufactured goods in October, down three consecutive months, decreased $21.9 billion or 5.1 percent to $407.4 billion, the U.S. Census Bureau reported today. This followed a 3.1 percent September decrease. Excluding transportation, new orders decreased 4.2 percent.
Shipments, also down three consecutive months, decreased $13.8 billion or 3.2 percent to $417.7 billion. This followed a 3.1 percent September decrease.
Unfilled orders, down for the first time in twenty-six months, decreased $5.1 billion or 0.6 percent to $823.1 billion. This followed a 0.2 percent September increase. The unfilled orders-to-shipments ratio was 5.69, up from 5.50 in September.
Inventories, down two consecutive months, decreased $3.2 billion or 0.6 percent to $555.1 billion. This followed a 0.8 percent September decrease. The inventories-to-shipments ratio was 1.33, up from 1.29 in September.
Later today the Fed will release its report on consumer credit for October.
About the Author: Steve has a B.A. in Economics from the University of California, Los Angeles and attended graduate school at The George Washington University, leaving school shortly before staring work on his dissertation when his first child was born. He works in the energy industry and prior to that worked at the Bureau of Labor Statistics in the Division of Price Index and Number Research.
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