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

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

Summary

New orders for manufactured goods in October, down two consecutive months, decreased $1.6 billion or 0.4 percent to $450.0 billion, the U.S. Census Bureau reported today. This followed a 0.1 percent September decrease. Excluding transportation, new orders increased 0.2 percent.

Shipments, up five consecutive months, increased $2.6 billion or 0.6 percent to $455.4 billion. This followed a 0.3 percent September increase.

Unfilled orders, up eighteen of the last nineteen months, increased $1.8 billion or 0.2 percent to $885.9 billion. This followed a 0.6 percent September increase. The unfilled orders-to-shipments ratio was 6.07, down from 6.08 in September.

Inventories, up twenty four of the last twenty five months, increased $5.6 billion or 0.9 percent to $607.1 billion. This was at the highest level since the series was first published on a NAICS basis in 1992 and followed a 0.1 percent September increase. The inventories-to- shipments ratio was 1.33, unchanged from September.

New Orders

New orders for manufactured durable goods in October, down two consecutive months, decreased $0.9 billion or 0.5 percent to $198.5 billion, revised from the previously published 0.7 percent decrease. This followed a 1.4 percent September decrease.

Transportation equipment, also down two consecutive months, had the largest decrease, $2.5 billion or 5.1 percent to $47.2 billion.

New orders for manufactured nondurable goods decreased $0.7 billion or 0.3 percent to $251.5 billion.

Shipments

Shipments of manufactured durable goods in October, up five of the last six months, increased $3.2 billion or 1.6 percent to $203.9 billion, revised from the previously published 1.3 percent increase. This followed a 0.4 percent September decrease.

Transportation equipment, up following two consecutive monthly decreases, had the largest increase,

$2.3 billion or 5.0 percent to $48.4 billion.

Shipments of manufactured nondurable goods, down following four consecutive monthly increases, decreased $0.7 billion or 0.3 percent to $251.5 billion. This followed a 0.9 percent September increase. Petroleum and coal products, down two of the last three months, led the decrease, down $0.6 billion or 0.8 percent to $71.2 billion.

Unfilled Orders

Unfilled orders for manufactured durable goods in October, up eighteen of the last nineteen months, increased $1.8 billion or 0.2 percent to $885.9 billion, unchanged from the previously published increase. This followed a 0.6 percent September increase.

Machinery, up twenty one consecutive months, had the largest increase, $1.6 billion or 1.3 percent to $117.3 billion. This was at the highest level since the series was first published on a NAICS basis and followed a 0.2 percent September increase.

Inventories

Inventories of manufactured durable goods in October, up twenty two consecutive months, increased $1.6 billion or 0.4 percent to $366.9 billion, revised from the previously published 0.5 percent increase. This was at the highest level since the series was first published on a NAICS basis and followed a slight September increase.

Transportation equipment, also up twenty two consecutive months, had the largest increase, $0.9 billion or 0.8 percent to $113.6 billion.

Inventories of manufactured nondurable goods, up two consecutive months, increased $3.9 billion or 1.7 percent to $240.2 billion. This followed a 0.4 percent September increase. Petroleum and coal products, also up two consecutive months, led the increase, up $3.1 billion or 6.1 percent to $53.8 billion.

By stage of fabrication, October materials and supplies increased 0.2 percent in durable goods and 3.5 percent in nondurable goods. Work in process increased 0.8 percent in durable goods and 1.7 percent in nondurable goods. Finished goods increased 0.3 percent in durable goods and 0.4 percent in nondurable goods.

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

To contact the reporter on this story: Alex Tanzi in Washington at atanzi@bloomberg.net

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

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