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Tuesday, December 6, 2016

Manufactured Goods Orders Rise for Fourth Consecutive Month

New orders for manufactured goods increased 2.7% to $469.4 billion in October, according to the U.S. Census Bureau. The October reading followed a 0.6% increase in September.
New orders for manufactured durable goods rose 4.6% to $238.8 billion, after increasing 0.3% in September. Orders for transportation equipment drove the increase, rising 12% to $88.1 billion.

Shipments of manufactured durable goods decreased 0.1% to $234.1 billion. Transportation equipment led the decrease, falling 1.5% to $80.7 billion.

Inventories of manufactured durable goods was virtually unchanged at $383.7 billion.

Read the Census release.
Visit Banks and the Economy.

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