New orders for manufactured goods in November, up 18 of the last 19 months, increased $8.4 billion or 1.6 percent to $531.8 billion, the US Census Bureau reported today. This followed a 1.2 percent October increase.
Shipments, also up 18 of the last 19 months, increased $3.5 billion or 0.7 percent to $527.0 billion. This followed a 2.0 percent October increase.
Unfilled orders, up 10 consecutive months, increased $9.1 billion or 0.7 percent to $1,260.1 billion. This followed a 0.3 percent October increase. The unfilled orders-to-shipments ratio was 6.78, up from 6.77 in October.
Inventories, up 17 of the last 18 months, increased $5.3 billion or 0.7 percent to $770.0 billion. This followed a 0.9 percent October increase. The inventories-to-shipments ratio was 1.46, unchanged from October.