August Factory Orders Reverse Out July Gains In Transportation first appeared on Floating Path.
New orders for manufactured goods plummeted 10.1% in August to $502.0 billion. This decrease follows a 10.5% increase in July. Excluding transportation, new orders decreased 0.1%. New orders are up 4.0% from a year ago.
Shipments decreased 1.0% to $503.1 billion, following a 1.4% increase in July.
Unfilled orders increased 0.6% to $1,164.5 billion, following a 5.3% increase.
Inventories increased 0.1% to $653.9 billion, following a flat month prior.
The inventories-to-shipments ratio was 1.30, up from 1.29 in July.
