New orders for US manufactured goods in October, down following two consecutive monthly increases, decreased $10.5 billion or 2.1 percent to $502.7 billion, the US Census Bureau reported today. This followed a 0.2 percent September increase.
Shipments, down following fifteen consecutive monthly increases, decreased $0.5 billion or 0.1 percent to $508.4 billion. This followed a 0.7 percent September increase.
Unfilled orders, down following eight consecutive monthly increases, decreased $1.7 billion or 0.1 percent to $1,183.6 billion. This followed a 0.7 percent September increase.
The unfilled orders‐to-shipments ratio was 6.70, up from 6.65 in September. Inventories, up 24 consecutive months, increased $0.9 billion or 0.1 percent to $681.7 billion. This followed a 0.6 percent September increase. The inventories‐to‐shipments ratio was 1.34, unchanged from September.