The 2020 Mid-Year Economic Update_long

New Orders for Manufactured Goods Up 1.1% in June

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

New orders for manufactured goods, up four of the last five months, increased 1.1 percent in June to $503.2 billion, according to the U.S. Census Bureau. This was at the highest level since the series was first published on a NAICS basis in 1992 and followed a 0.6 percent May decrease. Excluding transportation, new orders increased 1.1 percent.

Shipments, up four of the last five months, increased 0.5 percent to $499.8 billion. This was also at the highest level since the series was first published on a NAICS basis and followed a 0.1 percent May decrease.

Unfilled orders, up fourteen of the last fifteen months, increased 1 percent to $1,098.5 billion. This was also at the highest level since the series was first published on a NAICS basis and followed a 0.7 percent May increase. The unfilled orders-to-shipments ratio was 6.52, unchanged from May.

Inventories, up nineteen of the last twenty months, increased 0.3 percent to $653.8 billion. This was also at the highest level since the series was first published on a NAICS basis and followed a 0.8 percent May increase. The inventories-to-shipments ratio was 1.31, unchanged from May.

New orders for manufactured durable goods in June, up four of the last five months, increased 1.7 percent to $242.4 billion, revised from the previously published 0.7 percent increase. This followed a 0.9 percent May decrease.

New orders for manufactured nondurable goods increased 0.6 percent to $260.9 billion.

By stage of fabrication, June materials and supplies increased 0.5 percent in durable goods and decreased 0.2 percent in nondurable goods. Work in process increased 0.6 percent in durable goods and 0.2 percent in nondurable goods. Finished goods increased slightly in durable goods and 0.2 percent in nondurable goods.

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