New orders for manufactured goods down in April

Source: U.S. Census Bureau

Jun 24, 2011

New orders for manufactured goods in April, down two of the last three months, decreased $5.5 billion or 1.2% to $440.4 billion, the U.S. Census Bureau reported. This followed a 3.8% March increase. Excluding transportation, new orders decreased 0.2%.

Shipments, down following seven consecutive monthly increases, decreased $0.9 billion or 0.2% to $444.5 billion. This followed a 3.1% March increase.

Unfilled orders, up twelve of the last thirteen months, increased $2.5 billion or 0.3% to $850.7 billion. This followed a 0.7% March increase. The unfilled orders-to-shipments ratio was 6.08, up from 5.96 in March.

Inventories, up eighteen of the last nineteen months, increased $7.7 billion or 1.3% to $587.8 billion. This followed a 1.4% March increase. The inventories-to-shipments ratio was 1.32, up from 1.30 in March.

New orders for manufactured durable goods in April, down two of the last three months, decreased $7.1 billion or 3.6% to $190.3 billion, unchanged from the previously published decrease. This followed a 4.6% March increase.

Transportation equipment, also down two of the last three months, had the largest decrease, $4.8 billion or 9.3% to $46.9 billion.

New orders for manufactured nondurable goods increased $1.6 billion or 0.6% to $250.1 billion.

Shipments of manufactured durable goods in April, down following four consecutive monthly increases, decreased $2.5 billion or 1.3% to $194.4 billion, revised from the previously published 1.0% decrease. This followed a 3.1% March increase.

Transportation equipment, also down following four consecutive monthly increases, had the largest decrease,$1.6 billion or 3.3% to $46.5 billion.

Shipments of manufactured nondurable goods, up ten consecutive months, increased $1.6 billion or 0.6% to $250.1 billion. This followed a 3.1% March increase. Food products, up eight consecutive months, led the increase, up $1.1 billion or 1.8% to $61.0 billion. This was at the highest level since the series was first published on a NAICS basis in 1992 and followed a 0.9% March increase.

Unfilled orders for manufactured durable goods in April, up twelve of the last thirteen months, increased $2.5 billion or 0.3% to $850.7 billion, revised from the previously published 0.2% increase. This followed a 0.7% March increase.

Machinery, up fifteen consecutive months, had the largest increase, $2.5 billion or 2.5% to $104.0 billion.

Inventories of manufactured durable goods in April, up sixteen consecutive months, increased $3.3 billion or 0.9% to $350.6 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 1.7% March increase.

Transportation equipment, also up sixteen consecutive months, had the largest increase, $0.9 billion or 0.9% to $106.0 billion.

Inventories of manufactured nondurable goods, up eight consecutive months, increased $4.4 billion or 1.9% to $237.2 billion. This followed a 1.0% March increase. Petroleum and coal products, also up eight consecutive months, led the increase, up $3.2 billion or 6.0% to $55.7 billion.

By stage of fabrication, April materials and supplies increased 0.9% in durable goods and 0.5% in nondurable goods. Work in process increased 1.1% in durable goods and 3.5% in nondurable goods. Finished goods increased 0.7% in durable goods and 2.2% in nondurable goods.

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