Source: US Census Bureau
New orders of US-made goods continued to grow in September, albeit at a slower pace as expansion slowed to a five-month low.
- New orders for manufactured goods climbed by 0.2% or $1.3 billion to $515 billion, slower than the 1.0% increase in August to $514.6 billion.
- The latest reading is the slowest growth since the contraction recorded in April.
- Shipments climbed by $3.2 billion or 0.6% to $511.5 billion, up 16 out of the last 17 months.
- Unfilled orders jumped for the eighth straight month to $1.247 trillion, up by $8.9 billion or 0.7%.
- The unfilled orders-to-shipments ratio slipped to 6.84 from 6.85 the previous month, while inventories grew $6.3 billion or 0.8% to $756.9 billion.