Orders for Manufactured Goods Declined 1.0% in July

Washington, DC, September 2, 2022-New orders for manufactured goods in July, down following nine consecutive monthly increases, decreased $5.7 billion or 1.0% to $548.5 billion, the U.S. Census Bureau reported. This followed a 1.8% June increase.

Shipments, down following sixteen consecutive monthly increases, decreased $4.7 billion or 0.9% to $545.5 billion. This followed a 0.8% June increase.

Unfilled orders, up twenty-three consecutive months, increased $7.9 billion or 0.7% to $1,126.7 billion. This followed a 0.8% June increase. The unfilled orders-to-shipments ratio was 6.04, up from 6.03 in June.

Inventories, up twenty-three of the last twenty-four months, increased $0.5 billion or 0.1% to $802.0 billion. This followed a 0.4% June increase. The inventories-to-shipments ratio was 1.47, up from 1.46 in June.