The U.S. Census Bureau reported new orders for manufactured goods in November, up five of the last six months, increased $6.5 billion or 1.3% to $488.1 billion. This followed a 0.4% October increase.
Shipments, up 11 of the last 12 months, increased $5.7 billion or 1.2% to $491.2 billion. This followed a 0.8% October increase.
Unfilled orders, up three consecutive months, increased $1.2 billion or 0.1% to $1,137.1 billion. This followed a 0.1% October increase. The unfilled orders-to-shipments ratio was 6.60, down from 6.68 in October.
Inventories, up 12 of the last 13 months, increased $2.5 billion or 0.4% to $665.1 billion. This followed a 0.3% October increase. The inventories-to-shipments ratio was 1.35, down from 1.36 in October.
Like this story? Begin each business day with news you need to know! Click here to register now for our FREE Daily E-News Broadcast and start YOUR day informed!