Shipments of manufactured durable goods up in July

04 Sep '08

3 min read

U.S. Census Bureau announces Full Report on Manufacturers' Shipments, Inventories and Orders July 2008.

Summary:
New orders for manufactured goods in July, up five consecutive months, increased $5.9 billion or 1.3 percent to $465.4 billion, the U.S. Census Bureau reported today. This was at the highest level since the series was first stated on a NAICS basis in 1992 and followed a 2.1 percent June increase.

Shipments, up six of the last seven months, increased $9.4 billion or 2.1 percent to $465.3 billion. This was also at the highest level since the series was first stated on a NAICS basis in 1992 and followed a 1.9 percent June increase.

Unfilled orders, up twenty-nine of the last thirty months, increased $6.0 billion or 0.7 percent to $824.1 billion. This was also at the highest level since the series was first stated on a NAICS basis in 1992 and followed a 1.0 percent June increase.

The unfilled orders-toshipments ratio was 5.20, down from 5.30 in June. Inventories, up ten of the last eleven months, increased $2.6 billion or 0.5 percent to $558.2 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 June increase. The inventories-to-shipments ratio was 1.20, down from 1.22 in June.

New Orders:
New orders for manufactured durable goods in July, up three consecutive months, increased $2.9 billion or 1.3 percent to $219.6 billion, unchanged from the previously published increase. This followed a 1.4 percent June increase.

Transportation equipment, up two of the last three months, had the largest increase, $1.8 billion or 3.2 percent to $57.6 billion. New orders for manufactured nondurable goods increased $2.9 billion or 1.2 percent to $245.9 billion.

Shipments:
Shipments of manufactured durable goods in July, up three of the last four months, increased $6.5 billion or 3.0 percent to $219.4 billion, revised from the previously published 2.5 percent increase. This followed a 0.9 percent June increase.

Shipments of manufactured nondurable goods, up five consecutive months, increased $2.9 billion or 1.2 percent to $245.9 billion. This was also at the highest level since the series was first stated on a NAICS basis in 1992 and followed a 2.8 percent June increase.

Unfilled Orders:
Unfilled orders for manufactured durable goods in July, up twenty-nine of the last thirty months, increased $6.0 billion or 0.7 percent to $824.1 billion, revised from the previously published 0.8 percent increase. This was also at the highest level since the series was first stated on a NAICS basis in 1992 and followed a 1.0 percent June increase. Machinery, up thirteen of the last fourteen months, had the largest increase, $3.6 billion or 3.6 percent to $105.2
billion.

Inventories:
Inventories of manufactured durable goods in July, up twelve of the last thirteen months, increased $2.7billion or 0.8 percent to $335.8 billion, unchanged from the previously published increase. This was also at the highest level since the series was first stated on a NAICS basis in 1992 and followed a 0.8 percent June increase.

Transportation equipment, up twenty-two of the last twenty-three months, had the largest increase, $0.8 billion or 0.9 percent to $88.1 billion. Inventories of manufactured nondurable goods, down following two consecutive monthly increases, decreased slightly to $222.4 billion. This followed a 1.9 percent June increase. Petroleum products drove the decrease, down $0.7 billion or 1.6 percent to $43.3 billion.

U.S. Census Bureau

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