New orders for manufactured goods increased 1.9 percent to $454.8 billion in July, according to the U.S. Census Bureau. This followed a 1.8 percent June decrease.
Shipments, down following four consecutive monthly increases, decreased 0.2 percent to $458.9 billion. This followed a 0.6 percent June increase.
Unfilled orders, down two consecutive months, decreased 0.1 percent to $1,126.3 billion. This followed a 0.9 percent June decrease. The unfilled orders-to-shipments ratio was 6.79, down from 6.81 in June.
Inventories, up following twelve consecutive monthly decreases, increased 0.1 percent to $620.3 billion. This followed a virtually unchanged June decrease. The inventories-to-shipments ratio was 1.35, unchanged from June.
New orders for manufactured durable goods in July, up following two consecutive monthly decreases, increased 4.4 percent to $228.6 billion, virtually unchanged from the previously published increase. This followed a 4.3 percent June decrease.
Transportation equipment, also up following two consecutive monthly decreases, led the increase, up 10.6 percent to $78.9 billion.
New orders for manufactured nondurable goods decreased 0.5 percent to $226.1 billion.
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