New orders for US manufactured goods in July, down following four consecutive monthly increases, decreased $12.7 billion or 2.1 percent to $579.4 billion, the US Census Bureau reported today. This followed a 2.3 percent June increase.
Shipments, up three consecutive months, increased $2.9 billion or 0.5 percent to $577.2 billion. This followed a 0.2 percent June increase.
Unfilled orders, up seven of the last eight months, increased $7.2 billion or 0.5 percent to $1,332.0 billion. This followed a 1.8 percent June increase. The unfilled orders-to-shipments ratio was 6.80, up from 6.74 in June.
Inventories, up following two consecutive monthly decreases, increased $0.6 billion or 0.1 percent to $852.5 billion. This followed a 0.2 percent June decrease. The inventories-to-shipments ratio was 1.48, unchanged from June.