Orders for Manufactured Goods Declined 1.8% in November

Washington, DC, January 6, 2023-New orders for manufactured goods in November, down following three consecutive monthly increases, decreased $9.8 billion or 1.8% to $543.3 billion, the U.S. Census Bureau reported. This followed a 0.4% October increase.

Shipments, also down following three consecutive monthly increases, decreased $3.4 billion or 0.6% to $548.6 billion. This followed a 0.2% October increase.

Unfilled orders, down following twenty-six consecutive monthly increases, decreased $0.2 billion or virtually unchanged to $1,143.1 billion. This followed a 0.5% October increase. The unfilled orders-to-shipments ratio was 6.02, down from 6.03 in October.

Inventories, up three consecutive months, increased $0.1 billion or virtually unchanged to $804.7 billion. This followed a 0.4% October increase. The inventories-to-shipments ratio was 1.47, up from 1.46 in October.