New orders for manufactured goods in November, up two of the last three months, increased $8.8 billion or 1.8 percent to $497.9 billion, the U.S. Census Bureau reported. This was at the highest level since the series was first published on a NAICS basis in 1992 and followed a 0.5 percent October decrease. Excluding transportation, new orders increased 0.6 percent.
Shipments, up six of the last seven months, increased $4.9 billion or 1 percent to $494.6 billion. This was also at the highest level since the series was first published on a NAICS basis and followed a 0.1 percent October increase.
Unfilled orders, up nine of the last ten months, increased $10.4 billion or 1 percent to $1.1 trillion. This was also at the highest level since the series was first published on a NAICS basis and followed a 0.6 percent October increase. The unfilled orders-to-shipments ratio was 6.42, up from 6.39 in October.
Inventories, up eleven of the last twelve months, increased $200 million to $633.4 billion. This was also at the highest level since the series was first published on a NAICS basis and followed a slight October increase. The inventories-to-shipments ratio was 1.28, down from 1.29 in October.
New orders for manufactured durable goods in November, up three of the last four months, increased $8.1 billion or 3.4 percent to $241.6 billion, revised from the previously published 3.5 percent increase. This followed a 0.7 percent October decrease. Transportation equipment, also up three of the last four months, led the increase, up $6.2 billion or 8.3 percent to $81.1 billion.
New orders for manufactured nondurable goods increased $800 million or 0.3 percent to $256.3 billion.
Shipments of manufactured durable goods in November, up four consecutive months, increased $4.1 billion or 1.8 percent to $238.3 billion, unchanged from the previously published increase. This was at the highest level since the series was first published on a NAICS basis and followed a 0.6 percent October increase.
Machinery, also up four consecutive months, led the increase, up $1.4 billion or 4.2 percent to $35.5 billion. Shipments of manufactured nondurable goods, up following three consecutive monthly decreases, increased $800 million or 0.3 percent to $256.3 billion. This followed a 0.3 percent October decrease.
Petroleum and coal products, also up following three consecutive monthly decreases, drove the increase, up $1 billion or 1.4 percent to $71.6 billion.
Unfilled orders for manufactured durable goods in November, up nine of the last ten months, increased $10.4 billion or 1 percent to $1.1 million, unchanged from the previously published increase. This was at the highest level since the series was first published on a NAICS basis and followed a 0.6 percent October increase.
Transportation equipment, up three consecutive months, led the increase, up $8.4 billion or 1.3 percent to $654.3 billion.
Inventories of manufactured durable goods in November, up seven of the last eight months, increased $800 million or 0.2 percent to $384.3 billion, revised from the previously published 0.3 percent increase. This was at the highest level since the series was first published on a NAICS basis and followed a 0.3 percent October increase.
Transportation equipment, up eighteen of the last nineteen months, led the increase, up $500 million or 0.4 percent to $120.8 billion. Inventories of manufactured nondurable goods, down three consecutive months, decreased $600 million or 0.2 percent to $249.1 billion. This followed a 0.4 percent October decrease. Petroleum and coal products, also down three consecutive months, drove the decrease, down $800 million or 1.5 percent to $48.3 billion.
By stage of fabrication, November materials and supplies increased 0.1 percent in durable goods and 0.3
percent in nondurable goods. Work in process increased 0.2 percent in durable goods and decreased 1 percent in nondurable goods. Finished goods increased 0.4 percent in durable goods and decreased 0.3 percent in nondurable goods.
