Durable goods orders decline
New orders for manufactured goods decreased 0.6 percent in September to $499.4 billion, the U.S. Census Bureau reported today.
This followed a 10.0 percent August decrease. Excluding transportation, new orders decreased slightly.
Shipments, up three of the last four months, increased 0.1 percent to $503.4 billion. This followed a 1.1 percent August decrease.
Unfilled orders, up 17 of the last 18 months, increased 0.3 percent to $1,168.7 billion.
Inventories, up 22 of the last 23 months, increased 0.2 percent to $655.2 billion. This was also at the highest level since the series was first published on a NAICS basis and followed a 0.1 percent August increase. The inventories-to-shipments ratio was 1.30, unchanged from August.
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.
