New orders for manufactured goods in October, down following two consecutive monthly increases, decreased $0.3 billion or 0.1 percent to $479.6 billion, according to the U.S. Census Bureau. This followed a 1.7 percent September increase.
Shipments, up 10 of the last 11 months, increased $2.7 billion or 0.6 percent to $484.2 billion. This followed a 1.1 percent September increase.
Unfilled orders, down three of the last four months, decreased $0.2 billion or virtually unchanged to $1,135.1 billion. This followed a 0.3 percent September increase. The unfilled orders-to-shipments ratio was 6.68, unchanged from September.
Inventories, up 11 of the last 12 months, increased $1.2 billion or 0.2 percent to $661.6 billion. This followed a 0.6 percent September increase. The inventories-to-shipments ratio was 1.37, unchanged from September.
New orders for manufactured durable goods in October, down following two consecutive monthly increases, decreased $1.9 billion or 0.8 percent to $237.4 billion, up from the previously published 1.2 percent decrease. This followed a 2.4 percent September increase.
Transportation equipment, also down following two consecutive monthly increases, drove the decrease, $3.4 billion or 4.2 percent to $77.4 billion.
New orders for manufactured nondurable goods increased $1.6 billion or 0.7 percent to $242.2 billion.
Shipments of manufactured durable goods in October, up five of the last six months, increased $1.1 billion or 0.4 percent to $242 billion, up from the previously published 0.1 percent increase. This followed a 1.2 percent September increase.
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