June Factory Orders Beats The Street

Summary
New orders for manufactured goods in June, up four consecutive months, increased $7.6 billion or 1.7 percent to $457.6 billion, the U.S. Census Bureau reported today. This was at the highest level since the series was first stated on a NAICS basis in 1992 and followed a 0.9 percent May increase. Shipments, up five of the last six months, increased $7.2 billion or 1.6 percent to $454.6 billion. This was also at the highest level since the series was first stated on a NAICS basis in 1992 and followed a 0.3 percent May increase. Unfilled orders, up twenty-eight of the last twenty-nine months, increased $7.1 billion or 0.9 percent to $817.4 billion. This was also at the highest level since the series was first stated on a NAICS basis in 1992 and followed a 0.9 percent May increase. The unfilled orders-to-shipments ratio was 5.32, down from 5.33 in May. Inventories, up nine of the last ten months, increased $5.5 billion or 1.0 percent to $554.3 billion. This was also at the highest level since the series was first stated on a NAICS basis in 1992 and followed a 0.6 percent May increase. The inventories-to-shipments ratio was 1.22, down from 1.23 in May.