New orders for manufactured goods continued to grow in June, albeit at a slower pace than the previous month, with transportation equipment leading the gains.
- New orders gained $7.4 billion or 1.5% to $506.0 billion, slower than the 2.3% increase in May when orders came in at $498.6 billion. New orders are up 13 out of the last 14 months.
- Shipments grew by $2.6 billion or 1.0% to $250.8 billion, following a 0.4% climb in May. Transportation equipment led the growth with $71.6 billion after two straight months of declines.
- Shipments of nondurable goods grew by $5.1 billion or 2.1% to $248.1 billion, led by the increase in petroleum and coal products which rose by $3.7 billion or 8.1% to $49.8 billion.
- Unfilled orders climbed by $11.5 billion or 1.0% to $1.223 trillion, marking the fifth straight month of increases. This was led mainly by transport equipment which was up $5.8 billion to $813.9 billion.
Inventories jumped $4.2 billion or 0.9% to $451.0 billion, also led by transportation equipment up by 0.9% to $151.6 billion.
VIS is up 0.81%, FIDU is up 0.81%, and IYJ is up 0.018%.
Source: US Census Bureau
