Orders for Manufactured Goods Rose 1.4% in January

Washington, DC, March 3, 2022-New orders for manufactured goods in January, up twenty of the last twenty-one months, increased $7.6 billion or 1.4% to $544.2 billion, the U.S. Census Bureau reported. This followed a 0.7% December increase.

Shipments, also up twenty of the last twenty-one months, increased $6.2 billion or 1.2% to $536.9 billion. This followed a 0.7% December increase.

Unfilled orders, up twelve consecutive months, increased $11.7 billion or 0.9% to $1,283.5 billion. This followed a 0.8% December increase.

The unfilled orders-to-shipments ratio was 6.74, down from 6.80 in December. Inventories, up nineteen of the last twenty months, increased $5.6 billion or 0.7% to $779.6 billion. This followed a 0.4% December increase. The inventories-to-shipments ratio was 1.45, down from 1.46 in December.