New Orders for Manufactured Goods Fell 0.8% in April
Washington, DC, June 4, 2019- New orders for manufactured goods in April, down two of the last three months, decreased $4.0 billion or 0.8% to $499.3 billion, the U.S. Census Bureau reported.
This followed a 1.3% March increase.
Shipments, down following two consecutive monthly increases, decreased $2.7 billion or 0.5% to $504.1 billion. This followed a 0.2% March increase. Unfilled orders, down two of the last three months, decreased $0.6 billion or 0.1% to $1,179.3 billion. This followed a 0.1% March increase.
The unfilled orders‐to‐shipments ratio was 6.69, up from 6.61 in March. Inventories, up seven of the last eight months, increased $1.8 billion or 0.3% to $692.9 billion. This followed a 0.4% March increase. The inventories‐to‐shipments ratio was 1.37, up from 1.36 in March.