Source: Census Bureau
US orders of manufactured goods accelerated in October after jumping by 1.0% or $5.1 billion to $522.1 billion. The goods had risen by 0.5% in September. SPY is down -1.17%, DXY is up +0.24%.
- Manufactured goods shipments rose by 2.0%, equivalent to $10.2 billion to $523.4 billion, which is double September’s 1% increase.
- Unfilled orders were up by 0.3% or $3.1 billion, a lower than 0.7% increase in September. The ratio of unfilled orders to shipments eased from 6.82 in September to 6.76 in October.
- Inventories increased by 0.8%, equivalent to $6.4 billion to $764.2 billion, lower than 1.0% gain in September. The ratio of inventories to shipments declined from 1.48 in September to 1.46% in October.