U.S. Census Bureau – Manufacturers’ Shipments, Inventories and Orders Report

December 5, 2012 in U.S.

By: U.S. Census Bureau [December 5th, 2012]

Summary:

October 2012 new orders for manufactured durable goods increased 0.8 percent, to $477.6 billion. Shipments rose 0.4 percent, to $482.3 billion. Unfilled orders increased 0.3 percent, to $982.9 billion. And inventories rose 0.1 percent, to $616.0 billion.

New orders for manufactured goods in October, up three of the last four months, increased $3.8 billion or 0.8 percent to $477.6 billion, the U.S. Census Bureau reported today. This followed a 4.5 percent September increase. Excluding transportation, new orders increased 1.3 percent. Shipments, up three of the last four months, increased $1.9 billion or 0.4 percent to $482.3 billion. This followed a 0.7 percent September increase. Unfilled orders, up four of the last five months, increased $2.8 billion or 0.3 percent to $982.9 billion. This followed a 0.1 percent September increase. The unfilled orders-to-shipments ratio was 6.25, up from 6.24 in September. Inventories, up four consecutive months, increased $0.5 billion or 0.1 percent to $616.0 billion. This was at the highest level since the series was first published on a NAICS basis in 1992 and followed a 0.6 percent September increase. The inventories-to-shipments ratio was 1.28, unchanged from September.

New Orders:

New orders for manufactured durable goods in October, up five of the last six months, increased $1.1 billion or 0.5 percent to $217.9 billion, revised from the previously published slight increase. This followed a 9.1 percent September increase. Machinery, up two consecutive months, had the largest increase, $1.4 billion or 4.6 percent to $31.3 billion. New orders for manufactured non durable goods increased $2.7 billion or 1.1 percent to $259.7 billion.

Shipments:

Shipments of manufactured durable goods in October, down two of the last three months, decreased $0.8 billion or 0.4 percent to $222.7 billion, revised from the previously published 0.6 percent decrease. This followed a 0.5 percent September increase. Transportation equipment, also down two of the last three months, had the largest decrease, $0.6 billion or 1.0 percent to $63.8 billion. Shipments of manufactured non-durable goods, up four consecutive months, increased $2.7 billion or 1.1 percent to $259.7 billion. This followed a 0.9 percent September increase. Petroleum and coal products, also up four consecutive months, led the increase, up $1.5 billion or 1.9 percent to $78.8 billion.

Unfilled Orders:

Unfilled orders for manufactured durable goods in October, up four of the last five months, increased $2.8 billion or 0.3 percent to $982.9 billion, revised from the previously published 0.2 percent increase. This followed a 0.1 percent September increase. Transportation equipment, also up four of the last five months, had the largest increase, $3.2 billion or 0.6 percent to $576.9 billion.

Inventories:

Inventories of manufactured durable goods in October, up thirty-three of the last thirty-four months, increased $1.7 billion or 0.4 percent to $374.5 billion, unchanged from the previously published increase. This was at the highest level since the series was first published on a NAICS basis and followed a 0.2 percent September increase. Transportation equipment, also up thirty-three of the last thirty-four months, had the largest increase, $1.1 billion or 1.0 percent to $113.8 billion. Inventories of manufactured non-durable goods, down following three consecutive monthly increases, decreased $1.2 billion or 0.5 percent to $241.5 billion. This followed a 1.1 percent September increase. Petroleum and coal products, also down following three consecutive monthly increases, drove the decrease, down $1.3 billion or 2.3 percent to $54.3 billion. By stage of fabrication, October materials and supplies increased 0.2 percent in durable goods and decreased 0.5 percent in nondurable goods. Work in process increased 0.3 percent in durable goods and decreased 1.8 percent in nondurable goods. Finished goods increased 0.9 percent in durable goods and 0.1 percent in nondurable goods.

About the report and source:

The U.S. Census Bureau releases the report for Manufacturers’ Shipments, Inventories and Orders every month.

The advance report on durable goods for November 2012 is scheduled for release on December 24, 2012, at 8:30 a.m. EST and the full report on January 4, 2013, at 10:00 a.m. EST,

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