The U.S. Census Bureau announces the November full report on manufacturers’ shipments, inventories and orders:
Summary
New orders for manufactured goods in November, up five of the last six months, increased $6.5 billion or 1.3 percent to $488.1 billion, the U.S. Census Bureau reported Friday. This followed a 0.4 percent October increase. Shipments, up 11 of the last 12 months, increased $5.7 billion or 1.2 percent to $491.2 billion. This followed a 0.8 percent October increase. Unfilled orders, up three consecutive months, increased $1.2 billion or 0.1 percent to $1,137.1 billion. This followed a 0.1 percent October increase. The unfilled orders-to-shipments ratio was 6.60, down from 6.68 in October. Inventories, up 12 of the last 13 months, increased $2.5 billion or 0.4 percent to $665.1 billion. This followed a 0.3 percent October increase. The inventories-to-shipments ratio was 1.35, down from 1.36 in October.
New Orders
New orders for manufactured durable goods in November, up three of the last four months, increased $3.0 billion or 1.3 percent to $241.4 billion, unchanged from the previously published increase. This followed a 0.4 percent October decrease. Transportation equipment, also up three of the last four months, drove the increase, $3.2 billion or 4.1 percent to $80.8 billion. New orders for manufactured nondurable goods increased $3.4 billion or 1.4 percent to $246.7 billion.
Shipments
Shipments of manufactured durable goods in November, up six of the last seven months, increased $2.3 billion or 0.9 percent to $244.4 billion, down from the previously published 1.0 percent increase. This followed a 0.5 percent October increase. Transportation equipment, up two of the last three months, led the increase, $2.0 billion or 2.6 percent to $81.3 billion. Shipments of manufactured nondurable goods, up seven of the last eight months, increased $3.4 billion or 1.4 percent to $246.7 billion. This followed a 1.1 percent October increase. Petroleum and coal products, up five consecutive months, led the increase, $2.8 billion or 6.0 percent to $49.6 billion.
Unfilled Orders
Unfilled orders for manufactured durable goods in November, up three consecutive months, increased $1.2 billion or 0.1 percent to $1,137.1 billion, unchanged from the previously published increase. This followed a 0.1 percent October increase. Fabricated metal products, up ten of the last eleven months, led the increase, $0.5 billion or 0.6 percent to $81.3 billion.
Inventories
Inventories of manufactured durable goods in November, up 16 of the last 17 months, increased $0.9 billion or 0.2 percent to $405.3 billion, unchanged from the previously published increase. This followed a 0.2 percent October increase. Primary metals, also up 16 of the last 17 months, led the increase, $0.3 billion or 0.8 percent to $34.4 billion. Inventories of manufactured nondurable goods, up six consecutive months, increased $1.6 billion or 0.6 percent to $259.8 billion. This followed a 0.6 percent October increase. Petroleum and coal products, up five consecutive months, led the increase, $1.1 billion or 2.7 percent to $40.0 billion. By stage of fabrication, November materials and supplies increased 0.1 percent in durable goods and increased 1.0 percent in nondurable goods. Work in process increased 0.5 percent in durable goods and increased 1.5 percent in nondurable goods. Finished goods were virtually unchanged in durable goods and decreased 0.1 percent in nondurable goods.
