U.S. factory orders rebound

Source: U.S. Department of Commerce

Jan 18, 2011

New orders for manufactured goods in November, up four of the last five months, increased $3.2 billion or 0.7% to $423.8 billion, the U.S. Census Bureau reported. This followed a 0.7% October decrease. Excluding transportation, new orders increased 2.4%.

Shipments, up three consecutive months, increased $3.4 billion or 0.8% to $424.5 billion. This followed a 0.4% October increase.

Unfilled orders, up ten of the last eleven months, increased $4.8 billion or 0.6% to $826.9 billion. This followed a 0.7% October increase. The unfilled orders-to-shipments ratio was unchanged at 5.75.

Inventories, also up ten of the last eleven months, increased $4.1 billion or 0.8% to $543.8 billion. This followed a 1.1% October increase. The inventories-to-shipments ratio was unchanged at 1.28.

New orders for manufactured durable goods in November, down three of the last four months, decreased $0.6 billion or 0.3% to $195.7 billion, revised from the previously published 1.3% decrease. This followed a 3.1% October decrease.

Transportation equipment, also down three of the last four months, had the largest decrease, $5.7 billion or 11.1% to $46.0 billion.

New orders for manufactured nondurable goods increased $3.7 billion or 1.7% to $228.2 billion.

Shipments of manufactured durable goods in November, also down three of the last four months, decreased $0.3 billion or 0.1% to $196.3 billion, revised from the previously published 0.3% decrease. This followed a 0.9% October decrease.

Transportation equipment, down four consecutive months, had the largest decrease, $1.5 billion or 3.1% to $46.6 billion.

Shipments of manufactured nondurable goods, up four consecutive months, increased $3.7 billion or 1.7% to $228.2 billion. This followed a 1.5% October increase. Petroleum and coal products, also up four consecutive months, led the increase, up $2.3 billion or 4.2% to $57.5 billion.

Unfilled orders for manufactured durable goods in November, up ten of the last eleven months, increased $4.8 billion or 0.6% to $826.9 billion, revised from the previously published 0.4% increase. This followed a 0.7% October increase.

Machinery, up ten consecutive months, had the largest increase, $2.1 billion or 2.0% to $106.5 billion.

Inventories of manufactured durable goods in November, up eleven consecutive months, increased $2.0 billion or 0.6% to $319.2 billion, unchanged from the previously published increase. This followed a 0.6% October increase.

Transportation equipment, also up eleven consecutive months, had the largest increase, $1.1 billion or 1.3% to $84.3 billion.

Inventories of manufactured nondurable goods, up three consecutive months, increased $2.1 billion or 0.9% to $224.6 billion. This followed a 2.0% October increase. Petroleum and coal products, also up three consecutive months, drove the increase, up $2.4 billion or 5.3% to $48.1 billion.

By stage of fabrication, November materials and supplies increased 0.4% in durable goods and 1.6% in nondurable goods. Work in process increased 0.9% in durable goods and 0.3% in nondurable goods. Finished goods increased 0.5% in durable goods and 0.8% in nondurable goods.