New Factory Orders Hit All-Time High

Before you go, we thought you'd like these...
Before you go close icon

New orders for manufactured goods increased $7.6 billion (1.5%) to $496.7 billion for June, according to a Department of Commerce report [link opens in PDF] released today.

After growing a revised 3% the previous month, analysts had expected a slightly more positive 2.3% gain. Still, June's report marks the fourth increase over a five-month period, and is the highest level of new orders recorded since data was first collected in 1992.

Source: Department of Commerce. 

Durable goods led the charge, with new orders up 3.9%. Transportation equipment accounted for a major portion of the progress with 12% gains. According to The Wall Street Journal, commercial aircraft orders are the primary push behind the increase. Durable goods improvements proved more than enough to offset lackluster new orders for manufactured nondurable goods, down 0.6%. 

Overall unfilled orders increased 2.1%, while shipments fell 0.4%.  Inventories increased 0.1% to yet another all-time high. The inventories-to-shipments ratio, a statistic used to measure the sustainable flow of goods, remained steady at 1.30.

The article New Factory Orders Hit All-Time High originally appeared on

Fool contributor Justin Loiseau has no position in any stocks mentioned. You can follow him on Twitter @TMFJLo and on Motley Fool CAPS @TMFJLo. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

Read Full Story

Sign up for Finance Report by AOL and get everything from business news to personal finance tips delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.

People are Reading