U.S. Census Bureau reports manufacturers' shipments, inventories and orders

Source: U.S. Department of Commerce

Mar 16, 2011

New orders for manufactured goods in January, up six of the last seven months, increased $13.6 billion or 3.1% to $445.6 billion, the U.S. Census Bureau reported. This followed a 1.4% December increase. Excluding transportation, new orders increased 0.7%.

Shipments, up five consecutive months, increased $8.1 billion or 1.8% to $447.4 billion. This followed a 2.7% December increase.

Unfilled orders, up nine of the last ten months, increased $4.8 billion or 0.6% to $829.6 billion. This followed a 0.2% December decrease. The unfilled orders-to-shipments ratio was 5.60, up from 5.55 in December.

Inventories, up twelve of the last thirteen months, increased $7.1 billion or 1.3% to $559.3 billion. This followed a 1.4% December increase. The inventories-to-shipments ratio was 1.25, down from 1.26 in December.

New orders

New orders for manufactured durable goods in January, up following three consecutive monthly decreases, increased $6.2 billion or 3.2% to $201.0 billion, revised from the previously published 2.7% increase. This followed a 0.6% December decrease.

Transportation equipment, also up following three consecutive monthly decreases, had the largest increase, $10.8 billion or 27.3% to $50.3 billion.

New orders for manufactured nondurable goods increased $7.4 billion or 3.1% to $244.6 billion.

Shipments

Shipments of manufactured durable goods in January, up four of the last five months, increased $0.7 billion or 0.3% to $202.8 billion, unchanged from the previously published increase. This followed a 2.3% December increase.

Primary metals, up six consecutive months, had the largest increase, $1.0 billion or 4.4% to 23.1 billion.

Shipments of manufactured nondurable goods, up six consecutive months, increased $7.4 billion or 3.1% to $244.6 billion. This followed a 3.1% December increase. Petroleum and coal products, also up six consecutive months, led the increase, up $5.4 billion or 8.4% to $69.7 billion.

Unfilled orders

Unfilled orders for manufactured durable goods in January, up nine of the last ten months, increased $4.8 billion or 0.6% to $829.6 billion, revised from the previously published 0.5% increase. This followed a 0.2% December decrease.

Machinery, up twelve consecutive months, had the largest increase, $2.3 billion or 2.1% to $113.2 billion.

Inventories

Inventories of manufactured durable goods in January, up thirteen consecutive months, increased $2.2 billion or 0.7% to $324.7 billion, unchanged from the previously published increase. This followed a 0.8% December increase.

Transportation equipment, also up thirteen consecutive months, had the largest increase, $0.7 billion or 0.8% to $87.0 billion.

Inventories of manufactured nondurable goods, up five consecutive months, increased $5.0 billion or 2.2% to $234.5 billion. This followed a 2.2% December increase. Petroleum and coal products, also up five consecutive months, led the increase, up $2.5 billion or 4.9% to $53.4 billion.

By stage of fabrication, January materials and supplies increased 0.8% in durable goods and 2.4% in nondurable goods. Work in process increased 0.6% in durable goods and 1.4% in nondurable goods. Finished goods increased 0.6% in durable goods and 2.3% in nondurable goods.