Manufacturers Shipments, Orders & Inventories
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.
