Manufacturer orders, shipments out of step with inventories
New orders for manufactured goods in June, up six of the last seven months, increased $13.4 billion or 2.3% to $592.0 billion, the U.S. Census Bureau reported. This followed a 0.4% May increase.
Shipments, up two consecutive months, increased $0.7 billion or 0.1% to $573.9 billion. This followed a 0.4% May increase.
Unfilled orders, up six of the last seven months, increased $23.1 billion or 1.8% to $1,325.1 billion. This followed a 0.8% May increase. The unfilled orders-to-shipments ratio was 6.74, up from 6.64 in May.
Inventories, down four of the last five months, decreased $0.3 billion or virtually unchanged to $853.1 billion. This followed a 0.2% May decrease. The inventories-to-shipments ratio was 1.49, unchanged from May.
INDUSTRIAL SUPPLY MAGAZINE
The March/April issue of Industrial Supply magazine features an in-depth cover story about Joyce Lansdale and Vallen. Plus, we're featuring articles by contributing writers Dirk Beveridge, Frank Hurtte, and David Kahle, as well as interviews with numerous product and distribution industry experts.
