Manufactured Goods Orders Grew in July

New orders for manufactured goods increased for the second consecutive month, rising 0.4 percent to $482.0 billion, following a 2.2 percent increase in July.

New orders for manufactured durable goods grew 2.2 percent to $241.7 billion. New orders for transportation equipment led the increase, growing 5.5 percent to $84.0 billion, as orders for ships and boats, as well as motor vehicle bodies, parts and trailers increased 19.5 percent and 4.0 percent respectively.

Shipments decreased 0.2 percent to $483.6 billion, down from a 0.6 percent increase in June. Inventories declined by 0.1 percent to $651.2 billion, following a 0.3 percent gain in June. Unfilled orders increased for the second month in a row, rising 0.2 percent to $1,198.0 billion. Unfilled orders rose at a rate just above 0.0 percent in June.

Read the Census release.