New orders for U.S. manufactured goods in July 2023, down following four consecutive monthly increases, decreased $12.7 billion or 2.1% to $579.4 billion. This followed a 2.3% June increase, as the U.S. Census Bureau reported.
Shipments, up three consecutive months, increased $2.9 billion or 0.5% to $577.2 billion. This followed a 0.2% June increase. Unfilled orders, up seven of the last eight months, increased $7.2 billion or 0.5% to $1,332.0 billion. This followed a 1.8% June increase. The unfilled orders-to-shipments ratio was 6.80, up from 6.74 in June.
Inventories, up following two consecutive monthly decreases, increased $0.6 billion or 0.1% to $852.5 billion. This followed a 0.2% June decrease. The inventories-to-shipments ratio was 1.48, unchanged from June.
