Manufactured Goods Orders Fall for First Time in Eight Months

A big pile of cardboard boxes and a stand with information chart.

New orders for manufactured goods retreated in December, even as increases were recorded in shipments, unfilled orders, and inventories for the month.

Source: US Census Bureau

Total new orders for manufactured goods fell by $2.4 billion or 0.4% to $530.7 billion. This compares with the 1.8% growth to $533.1 billion in November and is the first contraction since April 2021.

Shipments for the month jumped by $2.6 billion or 1.0% to $266.4 billion, driven mainly by transportation equipment which grew by $1.0 billion or 1.2%. Declines were seen in manufactured nondurable goods and petroleum and coal products.

Unfilled orders for the month grew by $6.2 billion or 0.5% to $1.267 trillion, unchanged from November. This was also led by transportation equipment, which climbed by $2.7 billion or 0.3% to $835.0 billion.

Inventories increased by $3.5 billion or 0.8% to $473.9 billion, driven by machinery, which grew by $0.9 billion or 1.1% to $78.5 billion. Decreases were recorded in manufactured nondurable goods and petroleum and coal products.

The inventories-to-shipments ratio stood at 1.46, unchanged from the previous month.


US Initial Jobless Claims Fell to 238,000, Less Than Anticipated  

Previous article

International Animal Rescue Halts All Crypto Donations, Citing Environmental Concerns

Next article

You may also like


Leave a reply

Your email address will not be published.

More in News