Orders for Manufactured Goods Rose 6.2% in June

Washington, DC, August 4, 2020-New orders for manufactured goods in June, up two consecutive months, increased $25.5 billion or 6.2% to $437.2 billion, the U.S. Census Bureau reported.

This followed a 7.7% May increase.

Shipments, also up two consecutive months, increased $40.7 billion or 9.8% to $457.3 billion. This followed a 3.0% May increase.

Unfilled orders, down three of the last four months, decreased $15.3 billion or 1.4% to $1,092.5 billion. This followed a virtually unchanged May increase.

The unfilled orders-to-shipments ratio was 7.01, down from 7.56 in May.

Inventories, up two consecutive months, increased $4.0 billion or 0.6% to $690.9 billion. This followed a 0.2% May increase.

The inventories-to-shipments ratio was 1.51, down from 1.65 in May.