Orders for Manufactured Goods Rose 5% in July

Washington, DC, September 4, 2024-New orders for manufactured goods in July, up following two consecutive monthly decreases, increased $28.2 billion or 5.0% to $592.1 billion, the U.S. Census Bureau reported. This followed a 3.3% June decrease.

Shipments, up five of the last six months, increased $5.4 billion or 0.9% to $593.8 billion. This followed a 0.6% June increase.

Unfilled orders, up forty-seven of the last forty- eight months, increased $3.1 billion or 0.2% to $1,386.3 billion. This followed a 1.4% June decrease.

The unfilled orders-to-shipments ratio was 6.76, down from 6.91 in June.

Inventories, up five of the last six months, increased $0.6 billion or 0.1% to $859.4 billion. This followed a 0.1% June decrease. The inventories-to-shipments ratio was 1.45, down from 1.46 in June.