In June, new orders for manufactured goods — up six of the past seven months — increased $13.4 billion or 2.3% to $592.0 billion, according to data released Aug. 3 by the U.S. Census Bureau. This followed a 0.4% May increase, the bureau said.
Shipments, up two consecutive months, increased $0.7 billion or 0.1% to $573.9 billion. Unfilled orders, up six of the last seven months, increased $23.1 billion or 1.8% to $1,325.1 billion. This followed a 0.8% May increase.
The unfilled orders-to-shipments ratio was 6.74, up from 6.64 in May. Inventories, down four of the last five months, decreased $0.3 billion or virtually unchanged to $853.1 billion. This followed a 0.2% May decrease. The inventories-to-shipments ratio was 1.49, unchanged from May.
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It was the fourth consecutive monthly increase, and more than twice the increase of May.
