The 2020 Mid-Year Economic Update_long

New Orders for Manufactured Goods Up 0.4% in July

U.S. Census Bureau’s final report on new orders for manufactured goods shows improvement for 14 of the last 15 months.
New orders for durable goods

New orders for manufactured goods in July, up 14 of the last 15 months, increased $1.9 billion or 0/4% to $508.1 billion, the U.S. Census Bureau reported this week. This followed a 1.5% June increase.

Shipments, also up 14 of the last 15 months, increased $7.8 billion or 1.6% to $508.5 billion. This followed a 1.9% June increase. Unfilled orders, up six consecutive months, increased $4.1 billion or 0.3% to $1,225.6 billion. This followed a 0.8% June increase. The unfilled orders-to-shipments ratio was 6.79, down from 6.90 in June. Inventories, up thirteen of the last fourteen months, increased $3.7 billion or 0.5% to $744.4 billion. This followed a 1% June increase. The inventories-to-shipments ratio was 1.46, down from 1.48 in June.

New Orders

New orders for manufactured durable goods in July, down following two consecutive monthly increases, decreased $0.3 billion or 0.1% to $257.4 billion, unchanged from the previously published decrease. This followed a 0.8% June increase. Transportation equipment, also down following two consecutive monthly increases, drove the decrease, $1.7 billion or 2.1% to $75.3 billion. New orders for manufactured nondurable goods increased $2.2 billion or 0.9% to $250.7 billion.

Shipments

Shipments of manufactured durable goods in July, up four of the last five months, increased $5.6 billion or 2.2% to $257.8 billion, unchanged from the previously published increase. This followed a 1.6% June increase. Transportation equipment, up two consecutive months, led the increase, $3.4 billion or 4.6% to $75.9 billion. Shipments of manufactured nondurable goods, up fourteen of the last fifteen months, increased $2.2 billion or 0.9% to $250.7 billion. This followed a 2.2% June increase. Chemical products, also up fourteen of the last fifteen months, led the increase, $0.9 billion or 1.3% to $65.6 billion.

Unfilled Orders

Unfilled orders for manufactured durable goods in July, up six consecutive months, increased $4.1 billion or 0.3% to $1,225.6 billion, unchanged from the previously published increase. This followed a 0.8% June increase. Machinery, up sixteen consecutive months, led the increase, $2.4 billion or 2.2% to $109.3 billion.

Inventories

Inventories of manufactured durable goods in July, up six consecutive months, increased $2.8 billion or 0.6% to $453.7 billion, unchanged from the previously published increase. This followed a 0.9% June increase. Primary metals, up twelve consecutive months, led the increase, $0.8 billion or 2% to $40.1 billion. Inventories of manufactured nondurable goods, up eleven of the last twelve months, increased $1 billion or 0.3% to $290.7 billion. This followed a 1.1% June increase. Petroleum and coal products, up eight of the last nine months, led the increase, $0.6 billion or 1.4% to $42.5 billion. By stage of fabrication, July materials and supplies increased 1.6% in durable goods and 0.9% in nondurable goods. Work in process increased 0.1% in durable goods and decreased 0.4% in nondurable goods. Finished goods increased 0.1% in durable goods and 0.2% in nondurable goods.

Related Posts

About the Author
Leave a Reply

Leave a Comment

Sign Up for the MDM Update Newsletter

The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.

2

articles left

Want more Premium content from MDM?

Subscribe today and get:

  • New issues twice each month
  • Unlimited access to mdm.com, including 10+ years of archived data
  • Current trends analysis, market data and economic updates
  • Discounts on select store products and events

Subscribe to continue reading

MDM Premium Subscribers get:

  • Unlimited access to MDM.com
  • 1 year digital subscription, with new issues twice a month
  • Trends analysis, market data and quarterly economic updates
  • Deals on select store products and events

1

article
left

You have one free article remaining

Subscribe to MDM Premium to get unlimited access. Your subscription includes:

  • Two new issues a month
  • Access to 10+ years of archived data on mdm.com
  • Quarterly economic updates, trends analysis and market data
  • Store and event discounts

To continue reading, you must be an MDM Premium subscriber.

Join other distribution executives who use MDM Premium to optimize their business. Our insights and analysis help you enter the right new markets, turbocharge your sales and marketing efforts, identify business partners that help you scale, and stay ahead of your competitors.