New orders for manufactured durable goods up in Dec 2007

05 Feb '08

4 min read

U.S. Census Bureau release Advance report on manufacturers' shipments, inventories & orders December 2007.

Summary:
New orders for manufactured goods in December, up six of the last seven months, increased $10.1 billion or 2.3 percent to $441.6 billion, the U.S. Census Bureau reported. This was at the highest level since the series was first stated on a NAICS basis in 1992 and followed a 1.7 percent November increase.

Shipments, down following three consecutive monthly increases, decreased $1.2 billion or 0.3 percent to $427.5 billion. This followed a 1.3 percent November increase. Unfilled orders, up thirty-one of the last thirty-two months, increased $20.0 billion or 2.5 percent to $808.7 billion.

This was also at the highest level since the series was first stated on a NAICS basis in 1992 and followed a 1.2 percent November increase. The unfilled ordersto-shipments ratio was 5.43, up from 5.31 in November. Inventories, up ten of the last eleven months, increased $4.0 billion or 0.8 percent to $528.1 billion. This was also at the highest level since the series was first stated on a NAICS basis in 1992 and followed a 0.7 percent November increase. The inventories-to-shipments ratio was 1.24, up from 1.22 in November.

New Orders:
New orders for manufactured durable goods in December, up two consecutive months, increased $10.9 billion or 5.0 percent to $226.1 billion, revised from the previously published 5.2 percent increase. Thisfollowed a 0.5 percent November increase.

Transportation equipment, up three consecutive months, had the largest increase, $7.3 billion or 11.5 percent to $71.5 billion. New orders for manufactured nondurable goods decreased $0.8 billion or 0.4 percent to $215.5 billion.

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