Manufactured Goods Orders Rose 1.0% in October
Washington, DC, December 4, 2020--New orders for manufactured goods in October, up six consecutive months, increased $4.9 billion or 1.0% to $480.8 billion, the U.S. Census Bureau reported. This followed a 1.3% September increase.
Shipments, also up six consecutive months, increased $4.9 billion or 1.0% to $488.6 billion. This followed a 0.5% September increase.
Unfilled orders, down seven of the last eight months, decreased $2.6 billion or 0.2% to $1,073.3 billion. This followed a 0.2% September decrease.
The unfilled orders-to-shipments ratio was 6.38, down from 6.57 in September. Inventories, up two of the last three months, increased $1.2 billion or 0.2 percent to $687.3 billion. This followed a 0.1 percent September decrease. The inventories-to-shipments ratio was 1.41, down from 1.42 in September.
Related Topics:U.S. Census Bureau