Manufacturers’ shipments, inventories and orders advance 1 percent in November
New orders for manufactured goods in November increased $5.0 billion or 1.0 percent to $487.2 billion.
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 seven consecutive months, increased $5.0 billion or 1.0 percent to $487.2 billion, the U.S. Census Bureau reported today. This followed a 1.3 percent October increase.
Shipments, also up seven consecutive months, increased $3.4 billion or 0.7 percent to $492.9 billion. This followed a 1.2 percent October increase.
Unfilled orders, down eight of the last nine months, decreased $0.6 billion or 0.1 percent to $1,073.2 billion. This followed a 0.2 percent October decrease. The unfilled orders-to-shipments ratio was 6.40, up from 6.38 in October.
Inventories, up three of the last four months, increased $5.1 billion or 0.7 percent to $692.9 billion. This followed a 0.3 percent October increase. The inventories-to-shipments ratio was 1.41, unchanged from October.
New Orders
New orders for manufactured durable goods in November, up seven consecutive months, increased $2.3 billion or 1.0 percent to $244.4 billion, up from the previously published 0.9 percent increase. This followed a 1.8 percent October increase. Transportation equipment, up six of the last seven months, led the increase, $1.6 billion or 2.1 percent to $79.0 billion. New orders for manufactured nondurable goods increased $2.7 billion or 1.1 percent to $242.8 billion.
Shipments
Shipments of manufactured durable goods in November, up six of the last seven months, increased $0.8 billion or 0.3 percent to $250.1 billion, unchanged from the previously published increase. This followed a 1.5 percent October increase. Miscellaneous products, up nine of the last ten months, led the increase, $0.4 billion or 2.5 percent to $15.5 billion. Shipments of manufactured nondurable goods, up seven consecutive months, increased $2.7 billion or 1.1 percent to $242.8 billion. This followed a 0.8 percent October increase. Petroleum and coal products, up six of the last seven months, led the increase, $1.8 billion or 4.4 percent to $41.6 billion.
Unfilled Orders
Unfilled orders for manufactured durable goods in November, down eight of the last nine months, decreased $0.6 billion or 0.1 percent to $1,073.2 billion, unchanged from the previously published decrease. This followed a 0.2 percent October decrease. Transportation equipment, down nine consecutive months, drove the decrease, $3.4 billion or 0.5 percent to $713.4 billion.
Inventories
Inventories of manufactured durable goods in November, up three consecutive months, increased $3.8 billion or 0.9 percent to $426.5 billion, unchanged from the previously published increase. This followed a 0.3 percent October increase. Transportation equipment, up twenty-six of the last twenty-seven months, led the increase, $2.5 billion or 1.7 percent to $150.8 billion. Inventories of manufactured nondurable goods, up three of the last four months, increased $1.3 billion or 0.5 percent to $266.5 billion. This followed a 0.2 percent October increase. Petroleum and coal products, up following two consecutive monthly decreases, led the increase, $0.9 billion or 2.9 percent to $31.3 billion.
By stage of fabrication, November materials and supplies increased 0.5 percent in durable goods and 0.3 percent in nondurable goods. Work in process increased 1.0 percent in durable goods and 1.1 percent in nondurable goods. Finished goods increased 1.3 percent in durable goods and 0.3 percent in nondurable goods.
CONTRACTOR SUPPLY MAGAZINE
The April/May 2024 issue of Contractor Supply magazine is here!
This digital edition is sponsored by BECK AMERICA Inc.
Our cover story, Masters of Fasteners, visits Interstate Screw Corp. of metro Miami, which serves the fastening needs of south Florida, the Caribbean and Central and South America.
Also in this issue,our Industry Updates cover Adhesives, Tapes and Sealants, Anchoring Systems and Safety and PPE.
This digital edition is fully searchable and contains live links to every advertiser and new product listing. Click away!
