The 2020 Mid-Year Economic Update_long

New Orders for Manufactured Goods Fall 0.5% in May

Shipments, unfilled orders, inventories at highest levels since series started using NAICS.

New orders for manufactured goods, down following three consecutive monthly increases, decreased 0.5 percent to $497.7 billion, according to the U.S. Census Bureau. This followed a 0.8 percent April increase. Excluding transportation, new orders decreased 0.1 percent.

Shipments, up four consecutive months, increased 0.1 percent to $498.3 billion. This was at the highest level since the series was first published on a NAICS basis in 1992 and followed a 0.4 percent April increase.

Unfilled orders, up 13 of the last 14 months, increased 0.6 percent to $1,087.4 billion. This was also at the highest level since the series was first published on a NAICS basis and followed a 0.9 percent April increase.

Inventories, up 18 of the last 19 months, increased 0.8 percent to $651.5 billion. This was also at the highest level since the series was first published on a NAICS basis and followed a 0.5 percent April increase.

New orders for manufactured durable goods in May, down following three consecutive monthly increases, decreased 0.9 percent to $238.3 billion, revised from the previously published 1 percent decrease. This followed a 0.9 percent April increase.

Transportation equipment, also down following three consecutive monthly increases, drove the decrease, 2.9 percent to $74.5 billion.

New orders for manufactured nondurable goods decreased 0.2 percent to $259.3 billion.

By stage of fabrication, May materials and supplies increased 0.8 percent in durable goods and 0.4 percent in nondurable goods. Work in process increased 1.4 percent in durable goods and 1 percent in nondurable goods. Finished goods increased 0.3 percent in durable goods and 0.5 percent in nondurable goods.

Click Here

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.

By subscribing, you are agreeing to MDM’s Privacy Policy.

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

0

articles left

This is your last free article

Subscribe to MDM Premium today and 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.