New Orders for Manufactured Goods Up 0.7% in April
New orders for manufactured goods in April, up two of the last three months, increased $2.5 billion or 0.7% to $344.4 billion, the U.S. Census Bureau reported. This followed a 1.9% March decrease. Excluding transportation, new orders increased 0.1%.
Shipments, down nine consecutive months, decreased $0.8 billion or 0.2% to $357.3 billion. This was the longest streak of consecutive monthly decreases since the series was first published on a NAICS basis in 1992 and followed a 1.8% March decrease. Unfilled orders, down seven consecutive months, decreased $8.9 billion or 1.2% to $748.7 billion.
This was the longest streak of consecutive monthly decreases since November 2001-July 2002. This followed a 1.7% March decrease. The unfilled orders-to-shipments ratio was …
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