Manufactured Goods Orders Down 1.7 Percent in August

New orders for manufactured goods fell in August after two consecutive monthly increases, dropping 1.7 percent to $473.0 billion.

New orders for manufactured durable goods fell 2.3 percent to $235.5 billion, following a 1.9 percent increase in July. New orders for transportation equipment led the decrease, falling 6.1 percent to $78.3 billion, as new orders for non-defense aircraft and parts, and ships and boats fell 5.9 and 27.4 percent respectively.

Shipments decreased 0.7 percent to $480.1 billion, following a 0.2 percent decrease in July. Inventories declined by 0.3 percent to $648.4 billion, following a 0.3 percent decrease in July. Unfilled orders fell 0.2 percent to $1,195.0 billion, after a 0.2 percent increase. The unfilled orders-to-shipments ratio was 6.87, down from 6.89 last month.

Read the Census release.