“New orders for manufactured goods in June, up four of the last five months, increased $3.3 billion or 0.7 percent to $501.7 billion,” the U.S. Census Bureau reported on Thursday.
Key takeaways from the official publication
- The unfilled orders-to shipments ratio was 6.64, down from 6.67 in May.
- Inventories, up twenty consecutive months, increased $0.7 billion or 0.1 percent to $669.3 billion.
- The inventories-to-shipments ratio was 1.33, down from 1.35 in May.
- New orders for manufactured durable goods in June, up following two consecutive monthly decreases, increased $2.1 billion or 0.8 percent to $251.5 billion.
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