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In The News:

New Orders for Manufactured Goods Down 0.7% in January

New orders for manufactured goods in January, down three of the last four months, decreased $3.3 billion or 0.7 percent to $483 billion, the U.S. Census Bureau reported. This followed a 2 percent December decrease. Excluding transportation, new orders increased 0.2 percent.

Shipments, down two consecutive months, decreased $0.7 billion or 0.3 percent to $232.6 billion. This followed a 1.7 percent December decrease.

Unfilled orders, up eleven of the last twelve months, increased $0.3 billion or 0.1 percent to $1.1 trillion. This was at the highest level since the series was first published on a NAICS basis in 1992 and followed a 0.2 percent December increase.

Inventories, up nine of the last 10 months, increased $1.1 billion or 0.3 percent to $389.1 billion. This was also at the highest level since the series was first published on a NAICS basis and followed a 0.9 percent December increase.

New orders for manufactured durable goods in January, down three of the last four months, decreased $2.3 billion or 1 percent to $225 billion, unchanged from the previously published decrease. This followed a 5.3 percent December increase.

Transportation equipment, also down three of the last four months, drove the decrease, down $4.1 billion or 5.7 percent to $67.2 billion.

New orders for manufactured nondurable goods decreased $0.9 billion or 0.4 percent to $258.1 billion.

By stage of fabrication, January materials and supplies increased 0.8 percent in durable goods and 0.5 percent in nondurable goods. Work in process increased 0.1 percent in durable goods and 1.0 percent in nondurable goods. Finished goods decreased slightly in durable goods and 0.7 percent in nondurable goods.

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