EconoIndicators / Factory Orders

Factory Orders At a Glance

New Orders: $436.7 billion
Monthly Change: Up 3.7%
Shipments: $219.9 billion
Monthly Change: Up 3.9%
Inventories: $312.9 billion
Monthly Change: Up 0.1%

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HIGHLIGHTS FROM THE PRELIMINARY REPORT ON MANUFACTURERS’ SHIPMENTS, INVENTORIES, AND ORDERS

Summary

New orders for manufactured goods in July, up five of the last six months, increased $15.8 billion or 3.7 percent to $436.7 billion, the U.S. Census Bureau reported today. This was at the highest level since the series was first stated on a NAICS basis in 1992 and followed a 1.0 percent June increase. Shipments, up four of the last five months, increased $10.9 billion or 2.6 percent to $425.9 billion. This was also at the highest level since the series was first stated on a NAICS basis in 1992 and followed a 0.5 percent June decrease. Unfilled orders, up twenty-six of the last twenty-seven months, increased $17.4 billion or 2.4 percent to $754.5 billion. This was also at the highest level since the series was first stated on a NAICS basis in 1992 and followed a 1.6 percent June increase. The unfilled orders-to-shipments ratio was 4.93, down from 4.97 in June. Inventories, up sixteen of the last seventeen months, increased $0.8 billion or 0.2 percent to $517.3 billion. This was also at the highest level since the series was first stated on a NAICS basis in 1992 and followed a 0.2 percent June increase. The inventories-to-shipments ratio was 1.21, down from 1.24 in June.

New Orders

New orders for manufactured durable goods in July, up five of the last six months, increased $13.1 billion or 6.0 percent to $230.7 billion, revised from the previously published 5.9 percent increase. This was also at the highest level since the series was first stated on a NAICS basis in 1992 and followed a 1.8 percent June increase.

New orders for manufactured nondurable goods increased $2.6 billion or 1.3 percent to $206.0 billion.
Shipments

Shipments of manufactured durable goods in July, up four of the last five months, increased $8.3 billion or 3.9 percent to $219.9 billion, revised from the previously published 3.8 percent increase. This was also at the highest level since the series was first stated on a NAICS basis in 1992 and followed a 1.1 percent June decrease.

Shipments of manufactured nondurable goods, up five of the last six months, increased $2.6 billion or 1.3 percent to $206.0 billion. This was also at the highest level since the series was first stated on a NAICS basis in 1992 and followed a 0.2 percent June increase. Food products led the increase, up $0.8 billion or 1.6 percent to $48.0 billion.

Unfilled Orders

Unfilled orders for manufactured durable goods in July, up twenty-six of the last twenty-seven months, increased $17.4 billion or 2.4 percent to $754.5 billion, unchanged from the previously published increase. This was also at the highest level since the series was first stated on a NAICS basis in 1992 and followed a 1.6 percent June increase.
Inventories

Inventories of manufactured durable goods in July, up sixteen of the last seventeen months, increased $0.2 billion or 0.1 percent to $312.9 billion, unchanged from the previously published increase. This was also at the highest level since the series was first stated on a NAICS basis in 1992 and followed a slight June decrease.

Inventories of manufactured nondurable goods, up five consecutive months, increased $0.6 billion or 0.3 percent to $204.5 billion. This was led by food products, which increased $0.5 billion or 1.3 percent to $37.2 billion.

By stage of fabrication, July materials and supplies decreased 0.1 percent in durable goods and increased 0.1 percent in nondurable goods. Work in process increased 0.4 percent in durable goods and decreased 0.4 percent in nondurable goods. Finished goods decreased 0.1 percent in durable goods and increased 0.7 percent in nondurable goods.