Manufacturer Shipments, Inventories and Orders Climb in November 2009
New orders climb 1.1 percent.
The United States Department of Commerce released its monthly manufacturing report this morning. In summary:
New orders for manufactured goods in November, up seven of the last eight months, increased $3.9 billion or 1.1 percent to $365.3 billion, the U.S. Census Bureau reported today. This followed a 0.8 percent October increase. Excluding transportation, new orders increased 1.9 percent.
Shipments, up five of the last six months, increased $3.9 billion or 1.0 percent to $374.2 billion. This followed a 1.5 percent October increase.
Unfilled orders, down fourteen consecutive months, decreased $4.8 billion or 0.7 percent to $724.5 billion. This was the longest streak of consecutive monthly decreases since the series was first published on a NAICS basis in 1992. This followed a 0.6 percent October decrease. The unfilled orders-to-shipments ratio was 5.69, down from 5.75 in October.
Inventories, up two consecutive months, increased $0.7 billion or 0.2 percent to $495.1 billion. This followed a 0.6 percent October increase. The inventories-to-shipments ratio was 1.32, down from 1.34 in October.
New Orders
New orders for manufactured durable goods in November, up two of the last three months, increased $0.4 billion or 0.2 percent to $166.9 billion, unchanged from the previously published increase. This followed a 0.7 percent October decrease.
Computers and electronic products, also up two of the last three months, had the largest increase, $1.2 billion or 4.9 percent to $26.0 billion.
New orders for manufactured nondurable goods increased $3.5 billion or 1.8 percent to $198.4 billion.
Shipments
Shipments of manufactured durable goods in November, up three consecutive months, increased $0.4 billion or 0.2 percent to $175.7 billion, revised from the previously published 0.3 percent increase. This followed a 0.7 percent October increase.
Machinery, up two of the last three months, had the largest increase, $0.4 billion or 2.0 percent to $22.6 billion.
Shipments of manufactured nondurable goods, up four consecutive months, increased $3.5 billion or 1.8 percent to $198.4 billion. This followed a 2.2 percent October increase. This increase was led by petroleum and coal products, which increased $2.8 billion or 6.8 percent to $43.2 billion.
Unfilled Orders
Unfilled orders for manufactured durable goods in November, down fourteen consecutive months, decreased $4.8 billion or 0.7 percent to $724.5 billion, unchanged from the previously published decrease. This was the longest streak of consecutive monthly decreases since the series was first published on a NAICS basis in 1992 and followed a 0.6 percent October decrease. Transportation equipment, down thirteen of the last fourteen months, had the largest decrease, $5.3 billion or 1.2 percent to $418.1 billion.
Inventories
Inventories of manufactured durable goods in November, down eleven consecutive months, decreased $0.9 billion or 0.3 percent to $303.1 billion, revised from the previously published 0.2 percent decrease. This followed a slight October decrease.
Transportation equipment, down three of the last four months, had the largest decrease, $0.3 billion or 0.4 percent to $89.9 billion.
Inventories of manufactured nondurable goods, up two consecutive months, increased $1.6 billion or 0.9 percent to $192.0 billion. This followed a 1.7 percent October increase. Petroleum and coal products led the increase, up $1.2 billion or 4.2 percent to $29.7 billion.
By stage of fabrication, November materials and supplies decreased 0.9 percent in durable goods and increased 2.0 percent in nondurable goods. Work in process increased 0.2 percent in durable goods and 1.1 percent in nondurable goods. Finished goods decreased 0.4 percent in durable goods and 0.1 percent in nondurable goods.
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