Orders for Manufactured Goods Rose 0.7% in April

Washington, DC, June 4, 2024-New orders for manufactured goods in April, up three consecutive months, increased $4.3 billion or 0.7% to $588.2 billion, the U.S. Census Bureau reported. This followed a 0.7% March increase.

Shipments, also up three consecutive months, increased $5.9 billion or 1.0% to $590.2 billion. This followed a 0.4% March increase.

Unfilled orders, up forty-five consecutive months, increased $2.8 billion or 0.2% to $1,400.6 billion. This followed a 0.3% March increase.

The unfilled orders-to-shipments ratio was 7.10, down from 7.20 in March.

Inventories, up four of the last five months, increased $0.9 billion or 0.1% to $858.3 billion. This followed a virtually unchanged March increase. The inventories-to-shipments ratio was 1.45, down from 1.47 in March.