Orders for manufactured goods dropped slightly by 0.4% or $2.4 billion in December after rising for seven consecutive months, including a revised 1.8% gain in November.
- Durable goods orders dropped a revised 0.7%, slightly stronger than an earlier estimate of a 0.9% drop. Orders for nondurable goods were down 0.2% in the month.
- Orders for non-defense capital goods, excluding aircraft, grew by a revised 0.3% in December, slightly higher than the prior unchanged figure.
- Shipments increased by 0.4% or $2.1 billion to $528.9 billion, following a 0.7% increase reported in November.
- Unfilled orders rose for the eleven straight months by 0.5% to $1,267.7 billion. The increase comes after a 0.8% increase in November.
Inventories increased by 0.3% or $2.2B to reach $773.0B as the inventories-to-shipments ratio remained unchanged at 1.46 in December.
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Source: US Census Bureau
