Source: US Census Bureau
New orders for American-made manufactured goods slipped to negative territory in September, after four consecutive months of growth. XLI is down 0.05% premarket.
- New orders for manufactured goods fell by $1.0 billion or 0.4% to $261.3 billion, following the 1.3% climb in August to $262.3 billion.
- Shipments climbed $1.1 billion or 0.4% to $257.0 billion, led by machinery, which accounted for a $0.6 billion increase.
- Unfilled orders grew for the eighth straight month, up by $8.8 billion or 0.7% to $1.247 trillion.
- The growth in unfilled orders was led by transportation equipment which increased to $825 billion, up by $5.2 billion or 0.6%.
- Inventories increased by $4.0 billion or 0.7% to $1.247 billion, also led by transportation equipment with $154.6 billion.
- Nondefense new orders for capital goods slipped $3.7 billion to $84.9 billion, while increases were seen in shipments, unfilled orders, inventories.
- Defense orders grew $3.3 billion or 28.4% to $15.0 billion, with shipments down and unfilled orders and inventories up.