New orders for manufactured goods decreased 1.5 percent to $447.4 billion in June, according to the U.S. Census Bureau. This followed a 1.2 percent May decrease.
Shipments, up four consecutive months, increased 0.7 percent to $460 billion. This followed a 0.1 percent May increase.
Unfilled orders, down following three consecutive monthly increases, decreased 0.8 percent to $1,128 billion. This followed a virtually unchanged May increase. The unfilled orders-to-shipments ratio was 6.81, down from 6.89 in May.
Inventories, down thirteen of the last fourteen months, decreased 0.1 percent to $619.1 billion. This followed a 0.1 percent May decrease. The inventories-to-shipments ratio was 1.35, down from 1.36 in May.
New orders for manufactured durable goods in June, down two consecutive months, decreased 3.9 percent to $219.8 billion, up from the previously published 4 percent decrease. This followed a 2.9 percent May decrease.
Transportation equipment, also down two consecutive months, led the decrease, 10.5 percent to $72.1 billion.
New orders for manufactured nondurable goods increased 1 percent to $227.6 billion.
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