Keeping you up to date on the latest data releases.
New orders for manufactured goods fell at a nonannualized rate of 0.7 percent in January, following a decrease of 2.0 percent in December. Orders for nondurable goods fell 0.4 percent, while orders for durable goods fell 1.0 percent. Since January of 2013, orders for manufactured goods have increased 1.2 percent. After excluding transportation, new orders increased 0.2 percent in January. New orders for nondefense capital goods excluding aircraft grew 1.5 percent in January, following a decline of 1.6 percent in December and a 3.0 percent increase in November. On a year-over-year basis, orders for nondefense capital goods excluding aircraft have decreased 1.7 percent.
Shipments of manufactured goods declined 0.3 percent in January. Unfilled orders were unchanged and inventories decreased 0.3 percent for the month. The unfilled orders-to-shipments ratio remained at 6.5, and the inventory-to-shipment ratio remained at 1.3, roughly where it has been since late 2009.