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Three-Month Winning Streak of New Orders
for Manufactured Goods Ended in May

Three-Month Winning Streak of New Orders
for Manufactured Goods Ended in May

Tuesday, July 10, 2007
 
New orders for manufactured goods in May, down following three consecutive monthly increases, decreased $2.1 billion or 0.5 percent to $416.9 billion, the U.S. Census Bureau reported last week. This followed a 0.5 percent April increase. May shipments, however, also up three consecutive months, increased $4.3 billion or 1.0 percent to $417.8 billion. This followed a 1.0 percent April increase. Unfilled orders, up 24 of the 25 months, increased $6.3 billion or 0.9 percent to $725.7 billion. This was at the highest level since the series was first stated on a NAICS basis in 1992, and followed a 1.9 percent April increase. The unfilled orders-to-shipments ratio was 4.86, up from 4.85 in April. And, inventories, up 14 of the last 15 months, increased $1.7 billion or 0.3 percent to $515.0 billion. This was at the highest level since the series began and followed a 0.4 percent April increase. The inventories-to-shipments ratio was 1.23, down from 1.24 in April.

 

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