New Orders, Shipments & Inventories Continue Climb

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.

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