New orders for manufactured goods in May, which were up 12 of the last 13 months, increased $8.1 billion or 1.7% to $495.5 billion, the U.S. Census Bureau reported on Friday. The increase followed on the heels of a 0.7% decrease in April.
New orders for manufactured durable goods in May, also up 12 of the last 13 months, increased $5.8 billion or 2.3% to $253.4 billion, which was unchanged from the previously published increase.
Shipments, up 12 of the last 13 months, increased $3.3 billion or 0.7% to $490.4 billion. This followed a 0.2% increase in April.
Unfilled orders, up four consecutive months, increased $9.6 billion or 0.8% to $1,209.5 billion. This followed a 0.4% April increase. The unfilled orders-to-shipments ratio was 6.95, up from 6.88 in April.
Inventories, up 11 of the last 12 months, increased $6.6 billion or 0.9% to $731.6 billion, which followed a 0.5% April increase. The inventories-to -shipments ratio was 1.49, unchanged from April.