The US Census Bureau announced today that new orders for manufactured goods in September, up three of the last four months, increased $6.5 billion or 1.4 percent to $478.5 billion. This followed a 1.2 percent August increase.
Shipments, up nine of the last ten months, increased $3.9 billion or 0.8 percent to $480.4 billion. This followed a 0.6 percent August increase.
Unfilled orders, up following two consecutive monthly decreases, increased $2.7 billion or 0.2 percent to $1,135.0 billion. This followed a virtually unchanged August decrease. The unfilled orders-to-shipments ratio was 6.70, down from 6.76 in August.
Inventories, up ten of the last eleven months, increased $4.4 billion or 0.7 percent to $660.8 billion. This followed a 0.6 percent August increase. The inventories-to-shipments ratio was 1.38, unchanged from August.