“New orders for manufactured goods in May, up three of the last four months, increased $1.8 billion or 0.4 percent to $498.2 billion,” the U.S. Census Bureau reported on Tuesday.
Key takeaways from the press release
- This followed a 0.4 percent April decrease.
- Unfilled orders, up six of the last seven months, increased $6.2 billion or 0.5 percent to $1,160.8 billion.
- Inventories, up nineteen consecutive months, increased $1.3 billion or 0.2 percent to $668.4 billion.
- New orders for manufactured durable goods in May, down two consecutive months, decreased $0.9 billion or 0.4 percent to $249.2 billion.
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