Orders for Manufactured Goods Rose 1.0% in October

Washington, DC, December 5, 2022-- New orders for manufactured goods in October, up twelve of the last thirteen months, increased $5.8 billion or 1.0% to $556.6 billion, the U.S. Census Bureau reported. This followed a 0.3% September increase.

Shipments, up nineteen of the last twenty months, increased $3.9 billion or 0.7% to $554.8 billion. This followed a 0.3% September increase.

Unfilled orders, up twenty-six consecutive months, increased $6.9 billion or 0.6% to $1,144.0 billion. This followed a 0.5% September increase. The unfilled orders-to-shipments ratio was 6.03, unchanged from September.

Inventories, up two consecutive months, increased $4.0 billion or 0.5% to $805.3 billion. This followed a 0.1% September increase. The inventories-to-shipments ratio was 1.45, unchanged from September.