Factory orders jump more than expected in June, May number revised up

Summary
New orders for manufactured goods in June, up thirteen of the last fourteen months, increased $7.4 billion or 1.5 percent to $506.0 billion, the U.S. Census Bureau reported today. This followed a 2.3 percent May increase. Shipments, also up thirteen of the last fourteen months, increased $7.6 billion or 1.6 percent to $499.0 billion. This followed a 0.9 percent May increase. Unfilled orders, up five consecutive months, increased $11.5 billion or 1.0 percent to $1,223.1 billion. This followed a 1.0 percent May increase. The unfilled orders-to-shipments ratio was 6.94, down from 6.96 in May. Inventories, up twelve of the last thirteen months, increased $7.4 billion or 1.0 percent to $740.7 billion. This followed a 1.1 percent May increase. The inventories-to-shipments ratio was 1.48, down from 1.49 in May.

New Orders
New orders for manufactured durable goods in June, up thirteen of the last fourteen months, increased $2.3 billion or 0.9 percent to $257.9 billion, up from the previously published 0.8 percent increase. This followed a 3.2 percent May increase. Transportation equipment, up two consecutive months, led the increase, $1.5 billion or 2.0 percent to $77.4 billion. New orders for manufactured nondurable goods increased $5.1 billion or 2.1 percent to $248.1 billion.

Shipments 

Shipments of manufactured durable goods in June, up three of the last four months, increased $2.6 billion or 1.0 percent to $250.8 billion, unchanged from the previously published increase. This followed a 0.4 percent May increase. Transportation equipment, up following two consecutive monthly decreases, led the increase, $0.8 billion or 1.1 percent to $71.6 billion. Shipments of manufactured nondurable goods, up thirteen of the last fourteen months, increased $5.1 billion or 2.1 percent to $248.1 billion. This followed a 1.4 percent May increase. Petroleum and coal products, up twelve of the last thirteen months, led the increase, $3.7 billion or 8.1 percent to $49.8 billion.

Unfilled Orders
Unfilled orders for manufactured durable goods in June, up five consecutive months, increased $11.5 billion or 1.0 percent to $1,223.1 billion, up from the previously published 0.9 percent increase. This followed a 1.0 percent May increase. Transportation equipment, up four of the last five months, led the increase, $5.8 billion or 0.7 percent to $813.9 billion.

Inventories
Inventories of manufactured durable goods in June, up five consecutive months, increased $4.2 billion or 0.9 percent to $451.0 billion, unchanged from the previously published increase. This followed a 1.0 percent May increase. Transportation equipment, also up five consecutive months, led the increase, $1.4 billion or 0.9 percent to $151.6 billion. Inventories of manufactured nondurable goods, up ten of the last eleven months, increased $3.1 billion or 1.1 percent to $289.7 billion. This followed a 1.4 percent May increase. Petroleum and coal products, up seven of the last eight months, led the increase, $2.0 billion or 4.9 percent to $42.0 billion. By stage of fabrication, June materials and supplies increased 1.1 percent in durable goods and 1.2 percent in nondurable goods. Work in process increased 1.2 percent in durable goods and 1.0 percent in nondurable goods. Finished goods increased 0.4 percent in durable goods and 1.1 percent in nondurable goods.