Summary
New orders for manufactured goods in November, down two consecutive months, decreased $3.1 billion or 0.6 percent to $499.2 billion, the U.S. Census Bureau reported today. This followed a 2.1 percent October decrease. Shipments, down two consecutive months, decreased $3.2 billion or 0.6 percent to $505.1 billion. This followed a 0.1 percent October decrease. Unfilled orders, down two consecutive months, decreased $1.8 billion or 0.1 percent to $1,181.5 billion. This followed a 0.2 percent October decrease. The unfilled orders‐to‐shipments ratio was 6.60, down from 6.68 in October. Inventories, down following twenty‐four consecutive monthly increases, decreased $1.0 billion or 0.1 percent to $681.1 billion. This followed a 0.2 percent October increase. The inventories‐to‐shipments ratio was 1.35, up from 1.34 in October.
New Orders
New orders for manufactured durable goods in November, up following two consecutive monthly decreases, increased $1.8 billion or 0.7 percent to $250.8 billion, down from the previously published 0.8 percent increase. This followed a 4.3 percent October decrease. Transportation equipment, up three of the last four months, drove the increase, $2.5 billion or 3.0 percent to $87.0 billion. New orders for manufactured nondurable goods decreased $4.9 billion or 1.9 percent to $248.4 billion.
Shipments
Shipments of manufactured durable goods in November, up three of the last four months, increased $1.8 billion or 0.7 percent to $256.7 billion, unchanged from the previously published increase. This followed a 0.3 percent October decrease. Transportation equipment, also up three of the last four months, drove the increase, $1.8 billion or 2.1 percent to $89.5 billion. Shipments of manufactured nondurable goods, down following eight consecutive monthly increases, decreased $4.9 billion or 1.9 percent to $248.4 billion. This followed a 0.1 percent October increase. Petroleum and coal products, also down following eight consecutive monthly increases, drove the decrease, $5.5 billion or 9.3 percent to $53.2 billion.
Unfilled Orders
Unfilled orders for manufactured durable goods in November, down two consecutive months, decreased $1.8 billion or 0.1 percent to $1,181.5 billion, unchanged from the previously published decrease. This followed a 0.2 percent October decrease. Transportation equipment, also down two consecutive months, drove the decrease, $2.5 billion or 0.3 percent to $812.4 billion.
Inventories
Inventories of manufactured durable goods in November, up twenty‐two of the last twenty‐three months, increased $1.6 billion or 0.4 percent to $413.7 billion, up from the previously published 0.3 percent increase. This followed a 0.2 percent October increase. Primary metals, up twenty‐four of the last twenty‐ five months, led the increase, $0.3 billion or 0.9 percent to $36.1 billion. Inventories of manufactured nondurable goods, down following sixteen consecutive monthly increases, decreased $2.6 billion or 1.0 percent to $267.4 billion. This followed a 0.1 percent October increase. Petroleum and coal products, down two consecutive months, drove the decrease, $3.1 billion or 7.3 percent to $39.8 billion. By stage of fabrication, November materials and supplies increased 0.7 percent in durable goods and decreased 0.7 percent in nondurable goods. Work in process decreased 0.1 percent in durable goods and decreased 1.6 percent in nondurable goods. Finished goods increased 0.7 percent in durable goods and decreased 0.9 percent in nondurable goods.
