New orders for US manufactured goods in July, down three of the last four months, decreased $15.8 billion or 3.3 percent to $466.4 billion, the US Census Bureau reported today. This followed a 3.2 percent June increase.
Shipments, up seven of the last eight months, increased $1.6 billion or 0.3 percent to $474.3 billion. This followed a 0.1 percent June increase.
Unfilled orders, down two of the last three months, decreased $3.6 billion or 0.3 percent to $1,131.9 billion. This followed a 1.3 percent June increase. The unfilled orders-to-shipments ratio was 6.75, down from 6.82 in June.
Inventories, up eight of the last nine months, increased $1.4 billion or 0.2 percent to $651.6 billion. This followed a 0.3 percent June increase. The inventories-to-shipments ratio was 1.37, down from 1.38 in June.