Orders for Manufacture Goods Rose 0.4% in April

Washington, DC, June 5, 2023-New orders for manufactured goods in April, up four of the last five months, increased $2.6 billion or 0.4% to $577.5 billion, the U.S. Census Bureau reported.

This followed a 0.6% March increase.

Shipments, down five of the last six months, decreased $2.5 billion or 0.4% to $572.3 billion. This followed a 0.6% March decrease.

Unfilled orders, up four of the last five months, increased $10.4 billion or 0.8% to $1,291.3 billion. This followed a 0.4% March increase.

The unfilled orders-to-shipments ratio was 6.71, up from 6.60 in March. Inventories, up following two consecutive monthly decreases, increased $4.2 billion or 0.5% to $856.7 billion. This followed a 0.8% March decrease. The inventories-to-shipments ratio was 1.50, up from 1.48 in March.