Keeping you up to date on the latest data releases.
New orders for manufactured goods fell at a nonannualized rate of 1.5 percent in December, following an increase of 1.5 percent in November. Orders for nondurable goods increased 1.1 percent, while orders for durable goods fell 4.2 percent. Since December of 2012, orders for manufactured goods have increased 0.8 percent. After excluding transportation, new orders increased 0.2 percent in December and are up 2.0 percent over the past twelve months. New orders for nondefense capital goods excluding aircraft declined 0.6 percent in December, following a similar decline of 0.6 percent in October and a 3.0 percent increase in November. On a year-over-year basis, orders for nondefense capital goods excluding aircraft have increased 7.4 percent.
Shipments of manufactured goods declined 0.2 percent in December, as a 1.1 percent increase in shipments of nondurable goods was offset by a 1.7 percent decline in shipments of durable goods. Unfilled orders increased 0.4 percent and inventories increased 0.5 percent for the month. The unfilled orders-to-shipments ratio increased from 6.4 to 6.5 and the inventory-to-shipment ratio remained at 1.3, roughly where it has been since late 2009.