Orders for Manufactured Goods Declined Slightly in August

Washington, DC, October 3, 2024-New orders for manufactured goods in August, down three of the last four months, decreased $1.3 billion or 0.2% to $590.4 billion, the U.S. Census Bureau reported. This followed a 4.9% July increase.

Shipments, down following two consecutive monthly increases, decreased $3.1 billion or 0.5% to $590.1 billion. This followed a 0.8% July increase.

Unfilled orders, up forty-eight of the last forty-nine months, increased $5.0 billion or 0.4% to $1,391.4 billion. This followed a 0.2% July increase.

The unfilled orders-to-shipments ratio was 6.87, up from 6.76 in July. Inventories, up six of the last seven months, increased $1.2 billion or 0.1% to $860.2 billion. This followed a virtually unchanged July increase.

The inventories-to-shipments ratio was 1.46, up from 1.45 in July.