Orders for Manufactured Goods Rose 0.7% in June

Washington, DC, August 2, 2018-New orders for manufactured goods in June, up four of the last five months, increased $3.3 billion or 0.7% to $501.7 billion, the U.S. Census Bureau reported.

This followed a 0.4% May increase. Shipments, up thirteen of the last fourteen months, increased $4.9 billion or 1.0% to $501.4 billion. This followed a 0.6% May increase. Unfilled orders, up seven of the last eight months, increased $4.4 billion or 0.4% to $1,165.2 billion. This followed a 0.5% May increase. The unfilled orders-to-shipments ratio was 6.64, down from 6.67 in May. Inventories, up twenty consecutive months, increased $0.7 billion or 0.1% to $669.3 billion. This followed a 0.2% May increase. The inventories-to-shipments ratio was 1.33, down from 1.35 in May.

New orders for manufactured durable goods in June, up following two consecutive monthly decreases, increased $2.1 billion or 0.8% to $251.5 billion, down from the previously published 1.0% increase. This followed a 0.3% May decrease. Transportation equipment, also up following two consecutive monthly decreases, led the increase, $1.8 billion or 2.1% to $87.7 billion. New orders for manufactured nondurable goods increased $1.2 billion or 0.5% to $250.2 billion.