June Manufacturing And Inventories

The US Census Bureau reported a mixed bag for orders and shipments, with new orders down, but backlogs, inventories, and shipments up. It reported that new orders for manufactured durable goods in June 2011 decreased $4.0 billion (2.1%) to $192.0 billion. However, shipments of manufactured durable goods were up $1 billion (0.5%) in June to $196.0 billion. Unfilled orders for manufactured durable goods increased $2.1 billion (0.2%) to $862.7 billion. Inventories of manufactured durable goods increased by $1.6 billion (0.4%) to $357.2 billion, the 19th consecutive month of increases.