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

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

Summary

New orders for manufactured goods in November, up following two consecutive monthly decreases, increased $8.2 billion or 1.8 percent to $459.2 billion, the U.S. Census Bureau reported today. This followed a 0.2 percent October decrease. Excluding transportation, new orders increased 0.3 percent. Shipments, up six consecutive months, increased $0.1 billion to $455.0 billion. This followed a 0.5 percent October increase. Unfilled orders, up nineteen of the last twenty months, increased $11.1 billion or 1.3 percent to $898.3 billion. This followed a 0.4 percent October increase. The unfilled orders-to-shipments ratio was 6.16, up from 6.07 in October. Inventories, up twenty five of the last twenty six months, increased $2.8 billion or 0.5 percent to $609.8 billion. This was at the highest level since the series was first published on a NAICS basis in 1992 and followed a 0.9 percent October increase. The inventories-to-shipments ratio was 1.34, up from 1.33 in October.

New Orders

New orders for manufactured durable goods in November, up four of the last five months, increased $7.4 billion or 3.7 percent to $207.1 billion, revised from the previously published 3.8 percent increase. This followed a 0.1 percent October increase. Transportation equipment, up following two consecutive monthly decreases, had the largest increase, $7.0 billion or 14.7 percent to $54.4 billion. New orders for manufactured nondurable goods increased $0.8 billion or 0.3 percent to $252.1 billion.

Shipments

Shipments of manufactured durable goods in November, down two of the last three months, decreased $0.7 billion or 0.3 percent to $202.9 billion, revised from the previously published 0.4 percent decrease. This followed a 1.5 percent October increase. Transportation equipment, down three of the last four months, had the largest decrease, $1.2 billion or 2.5 percent to $47.2 billion. Shipments of manufactured nondurable goods, up five of the last six months, increased $0.8 billion or 0.3 percent to $252.1 billion. This followed a 0.3 percent October decrease. Petroleum and coal products, up two of the last three months, led the increase, up $0.6 billion or 0.8 percent to $72.2 billion.

Unfilled Orders

Unfilled orders for manufactured durable goods in November, up nineteen of the last twenty months, increased $11.1 billion or 1.3 percent to $898.3 billion, unchanged from the previously published increase. This followed a 0.4 percent October increase. Transportation equipment, up ten of the last eleven months, had the largest increase, $7.2 billion or 1.4 percent to $518.2 billion. This followed a 0.2 percent October decrease.

Inventories

Inventories of manufactured durable goods in November, up twenty three consecutive months, increased $2.1 billion or 0.6 percent to $369.0 billion, unchanged from the previously published increase. This was at the highest level since the series was first published on a NAICS basis and followed a 0.4 percent October increase. Transportation equipment, also up twenty three consecutive months, had the largest increase, $1.0 billion or 0.9 percent to $114.3 billion. Inventories of manufactured nondurable goods, up three consecutive months, increased $0.7 billion or 0.3 percent to $240.8 billion. This followed a 1.6 percent October increase. Petroleum and coal products, also up three consecutive months, drove the increase, up $1.6 billion or 2.9 percent to $55.6 billion. By stage of fabrication, November materials and supplies increased 0.4 percent in durable goods and decreased 0.1 percent in nondurable goods. Work in process increased 1.0 percent in durable goods and 0.4 percent in nondurable goods. Finished goods increased 0.2 percent in durable goods and 0.6 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 December is scheduled for release on January 26, 2012, at 8:30 a.m. EST and the full report on February 3, 2012, at 10:00 a.m. EST. See back page for survey description.

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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