U.S. October Factory Orders, Shipments and Inventories (Text)

Following are the details of October full report on Manufacturers' Shipments, Inventories and Orders from the Commerce Department.

Summary

New orders for manufactured goods in October, down following three consecutive monthly increases, decreased $3.6 billion or 0.9 percent to $420.1 billion, the U.S. Census Bureau reported today. This followed a 3.0 percent September increase. Excluding transportation, new orders decreased 0.2 percent. Shipments, up three of the last four months, increased $1.5 billion or 0.3 percent to $421.0 billion. This followed a 0.7 percent September increase. Unfilled orders, up nine of the last ten months, increased $5.2 billion or 0.6 percent to $821.6 billion. This followed a 1.3 percent September increase. The unfilled orders-to-shipments ratio was 5.76, up from 5.67 in September. Inventories, up nine of the last ten months, increased $4.7 billion or 0.9 percent to $538.2 billion. This followed a 1.1 percent September increase. The inventories-to-shipments ratio was 1.28, up from 1.27 in September.

New Orders

New orders for manufactured durable goods in October, down two of the last three months, decreased $6.9 billion or 3.4 percent to $195.7 billion, revised from the previously published 3.3 percent decrease. This followed a 4.9 percent September increase. Transportation equipment, also down two of the last three months, had the largest decrease, $2.8 billion or 5.2 percent to $52.3 billion. New orders for manufactured nondurable goods increased $3.2 billion or 1.5 percent to $224.4 billion.

Shipments

Shipments of manufactured durable goods in October, also down two of the last three months, decreased $1.8 billion or 0.9 percent to $196.6 billion, unchanged from the previously published decrease. This followed a slight September increase. Shipments of manufactured durable goods in October, also down two of the last three months, decreased $1.8 billion or 0.9 percent to $196.6 billion, unchanged from the previously published decrease. This followed a slight September increase. Shipments of manufactured nondurable goods, up three consecutive months, increased $3.2 billion or 1.5 percent to $224.4 billion. This followed a 1.4 percent September increase. Petroleum and coal products, also up three consecutive months, drove the increase, up $3.8 billion or 7.5 percent to $54.7 billion.

Unfilled Orders

Unfilled orders for manufactured durable goods in October, up nine of the last ten months, increased $5.2 billion or 0.6 percent to $821.6 billion, revised from the previously published 0.7 percent increase. This followed a 1.3 percent September increase. Transportation equipment, up two consecutive months, had the largest increase, $3.7 billion or 0.8 percent to $484.2 billion.

Inventories

Inventories of manufactured durable goods in October, up ten consecutive months, increased $1.5 billion or 0.5 percent to $316.9 billion, revised from the previously published 0.4 percent increase. This followed a 0.7 percent September increase. Machinery, up eight consecutive months, had the largest increase, $0.5 billion or 0.9 percent to $52.4 billion. Inventories of manufactured nondurable goods, up three of the last four months, increased $3.2 billion or 1.5 percent to $221.3 billion. This followed a 1.7 percent September increase. Petroleum and coal products, also up three of the last four months, led the increase, up $1.6 billion or 3.6 percent to $44.7 billion. By stage of fabrication, October materials and supplies increased 0.4 percent in durable goods and 1.0 percent in nondurable goods. Work in process increased 0.4 percent in durable goods and 2.8 percent in nondurable goods. Finished goods increased 0.5 percent in durable goods and 1.2 percent in nondurable goods.

Figures in text are adjusted for seasonality but not for inflation. Figures on new and unfilled orders exclude data for semiconductor manufacturing. For data, call (301) 763-4673 or go to <http://www.census.gov/m3>.

The advance report on durable goods for November is scheduled for release on December 23, 2010, at 8:30 a.m. EST and the full report on January 4, 2011, at 10:00 a.m. EST.

SOURCE: U.S. Commerce Department. http://www.census.gov/m3

To contact the reporter on this story: Chris Middleton in Washington at cmiddleton2@bloomberg.net

To contact the editor responsible for this story: Marco Babic at mbabic@bloomberg.net

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