New orders for manufactured goods in June, up six of the last seven months, increased $13.4 billion or 2.3 percent to $592.0 billion, the US Census Bureau reported today. This followed a 0.4 percent May increase.
Shipments, up two consecutive months, increased $0.7 billion or 0.1 percent to $573.9 billion. This followed a 0.4 percent May increase.
Unfilled orders, up six of the last seven months, increased $23.1 billion or 1.8 percent to $1,325.1 billion. This followed a 0.8 percent May increase. The unfilled orders-to-shipments ratio was 6.74, up from 6.64 in May.
Inventories, down four of the last five months, decreased $0.3 billion or virtually unchanged to $853.1 billion. This followed a 0.2 percent May decrease. The inventories-to-shipments ratio was 1.49, unchanged from May.