New orders and shipments for US manufactured goods increase in May

Thursday, 02 July 2020 20:03:40 (GMT+3)   |   San Diego
       

New orders for US manufactured goods in May, up following two consecutive monthly decreases, increased $30.5 billion or 8.0 percent to $412.8 billion, the US Census Bureau reported today. This followed a 13.5 percent April decrease.

Shipments, up following four consecutive monthly decreases, increased $12.5 billion or 3.1 percent to $417.0 billion. This followed a 14.0 percent April decrease.

Unfilled orders, up following two consecutive monthly decreases, increased $0.7 billion or 0.1 percent to $1,108.5 billion. This followed a 1.5 percent April decrease. The unfilled orders-to-shipments ratio was 7.53, down from 7.70 in April.

Inventories, up following four consecutive monthly decreases, increased $1.1 billion or 0.2 percent to $687.0 billion. This followed a 0.5 percent April decrease. The inventories-to-shipments ratio was 1.65, down from 1.70 in April.


Tags: US North America 

Similar articles

US sheet prices tick up modestly ahead of Easter weekend

28 Mar | Scrap & Raw Materials

US ITC votes to maintain AD order on clad steel plate imports from Japan

28 Mar | Steel News

US drawn wire exports up 40.1 percent in January

28 Mar | Steel News

US HDG imports up 10.6 percent in February

28 Mar | Steel News

US scrap market still expecting sideways pricing in April

27 Mar | Scrap & Raw Materials

Cleveland Cliffs announces US flat rolled steel increase

27 Mar | Flats and Slab

US rebar prices mostly stable with occasional deals

27 Mar | Longs and Billet

US steel imports down 3.3 percent in February

27 Mar | Steel News

US OCTG exports up 26.8 percent in January

27 Mar | Steel News

Sweden’s SSAB to receive funding for fossil-free steel production in US

27 Mar | Steel News