Manufactured Goods Slip Slightly in October

New orders for manufactured goods decreased 0.1% to $479.6 billion in October, according to the U.S. Census Bureau. The decline followed a 1.7% rise in September.

New orders for manufactured durable goods fell 0.8% to $237.4 billion in October. Transportation equipment led the decline, falling 4.2% to $77.4 billion.

Shipments of manufactured durable goods increased 0.4% to $242.0 billion.

Inventories of manufactured durable goods, up fifteen of the last sixteen months, increased 0.2% to $404.2 billion.

Read the Census release.

About Stephen Newton

Stephen Newton is an economic research associate at ABA.
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