New orders for manufactured goods in January, up two of the last three months, increased $0.9 billion or 0.1 percent to $620.1 billion, the U.S. Census Bureau reported today. This followed a 0.4 percent December decrease. Shipments, up three of the last four months, increased $2.8 billion or 0.5 percent to $612.9 billion. This followed a 0.7 percent December increase. Unfilled orders, up eighteen of the last nineteen months, increased $12.1 billion or 0.8 percent to $1,540.4 billion. This followed a 0.9 percent December increase. The unfilled orders-to-shipments ratio was 7.01, unchanged from December. Inventories, up four consecutive months, increased $0.7 billion or 0.1 percent to $949.8 billion. This followed a 0.1 percent December increase. The inventories-to-shipments ratio was 1.55, down from 1.56 in December.
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