Factory Orders Rose 0.2% in October

Washington, DC, December 4, 2024-New orders for manufactured goods in October, up following two consecutive monthly decreases, increased $1.1 billion or 0.2% to $586.7 billion, the U.S. Census Bureau reported. This followed a 0.2% September decrease.

Shipments, down three consecutive months, decreased $1.2 billion or 0.2% to $585.4 billion. This followed a 0.4% September decrease.

Unfilled orders, up fifty of the last fifty-one months, increased $6.1 billion or 0.4% to $1,398.8 billion. This followed a 0.3% September increase.

The unfilled orders-to-shipments ratio was 7.03, up from 6.97 in September.

Inventories, down two consecutive months, decreased $0.4 billion or 0.1% to $856.8 billion. This followed a 0.3% September decrease. The inventories-to-shipments ratio was 1.46, unchanged from September.