New orders for US manufactured goods in July, up following two consecutive monthly decreases, increased $8.4 billion or 1.9 percent to $454.8 billion, the US Census Bureau reported today. This followed a 1.8 percent June decrease.
Shipments, down following four consecutive monthly increases, decreased $0.9 billion or 0.2 percent to $458.9 billion. This followed a 0.6 percent June increase.
Unfilled orders, down two consecutive months, decreased $1.0 billion or 0.1 percent to $1,126.3 billion. This followed a 0.9 percent June decrease. The unfilled orders-to-shipments ratio was 6.79, down from 6.81 in June.
Inventories, up following twelve consecutive monthly decreases, increased $0.9 billion or 0.1 percent to $620.3 billion. This followed a virtually unchanged June decrease. The inventories-to-shipments ratio was 1.35, unchanged from June.