New orders for US manufactured goods in July, down following two consecutive monthly increases, decreased $3.9 billion or 0.8 percent to $497.8 billion, the US Census Bureau reported today. This followed a 0.6 percent June increase.
Shipments, up fourteen of the last fifteen months, increased less than $0.1 billion or virtually unchanged to $501.7 billion. This followed a 1.0 percent June increase.
Unfilled orders, up eight of the last nine months, increased $0.1 billion or virtually unchanged to $1,164.9 billion. This followed a 0.4 percent June increase. The unfilled orders-to-shipments ratio was 6.73, up from 6.64 in June.
Inventories, up twenty-one consecutive months, increased $5.6 billion or 0.8 percent to $675.8 billion. This followed a 0.2 percent June increase. The inventories-to-shipments ratio was 1.35, up from 1.34 in June.