Established 1999
 
8,000 companies from
USA,Canada and India.
 
   
Search over 25,000 News & Earnings Archives    
 
Market Update : 
U.S. Factory Orders Sharply Down
Author: Albena Toncheva
123jump.com
Last Update: 13:11 PM ET August 30 2005



Email article | Print article

Demand for manufactured products was down 1.9% in July, while orders in the transportation sector plunged 8.8% marking the steepest decline in this category in 19 months, according to the Commerce Department report.

 
The following is the un-edited press release from U.S. Census Bureau.

New orders for manufactured goods in July decreased $7.5 billion or 1.9 percent to $387.8 billion, the U.S. Census Bureau reported today. This was the largest percent decrease in fifteen months and followed a 0.9 percent increase. Shipments, up for the third consecutive month, increased $2.9 billion or 0.7 percent to $389.3 billion. This was at the highest level since the series was first stated on a NAICS basis in 1992 and followed a slight increase in June. Unfilled orders, up for the third consecutive month, increased $5.7 billion or 1.0 percent to $580.5 billion. This was at the highest level since the series began and followed a 2.8 percent June increase. Inventories, up eighteen of the last nineteen months, increased $2.3 billion or 0.5 percent to $463.8 billion. This followed a 0.1 percent June increase.

New Orders

New orders for manufactured durable goods in July, down following three consecutive monthly increases, decreased $10.6 billion or 4.9 percent to $204.7 billion, unchanged from the previously published 4.9 percent decrease.

New orders for manufactured nondurable goods increased $3.1 billion or 1.7 percent to $183.1 billion.

Shipments

Shipments of manufactured durable goods in July, down following two consecutive monthly increases, decreased $0.2 billion or 0.1 percent to $206.3 billion, unchanged from the previously published 0.1 percent decrease.

Shipments of manufactured nondurable goods increased $3.1 billion or 1.7 percent to $183.1 billion, led by petroleum and coal products, which increased $1.8 billion or 5.6 percent to $33.9 billion.

Unfilled Orders

Unfilled orders for manufactured durable goods in July, up for the third consecutive month, increased $5.7 billion or 1.0 percent to $580.5 billion, unchanged from the previously published 1.0 percent increase.

Inventories

Inventories of manufactured durable goods in July, up seventeen of the last eighteen months, increased $1.7 billion or 0.6 percent to $282.2 billion, unchanged from the previously published 0.6 percent increase.

Inventories of manufactured nondurable goods, up six of the last seven months, increased $0.6 billion or 0.4 percent to $181.6 billion.

By stage of fabrication, July materials and supplies decreased 0.3 percent in durable goods and 0.2 percent in nondurable goods. Work in process increased 1.6 percent in durable goods and decreased 0.1 percent in nondurable goods. Finished goods increased 0.5 percent in durable goods and 0.9 percent in nondurable goods.

On the following webpage you will find the complete report:

http://www.census.gov/m3
More: Market Update Archive

 



350 Fund Managers Interviews - 10-year Annual earnings on 4,600 U.S. companies - 20-quarter Earnings on 3,800 U.S. companies - 3,200 U.S. IPO Prospectuses
- 2,100 Economic data releases from U.S., EU, UK, India, HK and Australia. 10-year Annual reports on 3,500 U.S. companies -
U.S. Earnings Calendar with 4,800 companies - 90,000 10-K reports - 26,000 Global markets news archive - 2,200 Earnings Conference Call Summaries

© 1999-2008 123jump.com. All rights reserved