Orders for Manufactured Goods Declined 0.5% in September

Washington, DC, November 4, 2024-New orders for manufactured goods in September, down four of the last five months, decreased $2.8 billion or 0.5% to $584.2 billion, the U.S. Census Bureau reported. This followed a 0.8% August decrease.

Shipments, down two consecutive months, decreased $2.2 billion or 0.4% to $586.9 billion. This followed a 0.7% August decrease.

Unfilled orders, up forty-nine of the last fifty months, increased $2.1 billion or 0.2% to $1,391.0 billion. This followed a 0.2% August increase.

The unfilled orders-to-shipments ratio was 6.94, up from 6.86 in August.

Inventories, down following two consecutive monthly increases, decreased $1.9 billion or 0.2% to $858.1 billion. This followed a 0.1% August increase. The inventories-to-shipments ratio was 1.46, unchanged from August.