Market Updates
June Manufactured Goods Orders Rose 2%
Brian Turner
03 Aug, 2022
New York City
Orders for manufactured goods rose in June and marked the thirteenth increase in the last fourteen months.
June goods orders rose 2.0% to $555.2 billion, the U.S. Census Bureau reported today.
Orders in June rose following the revised 1.8% increase in May.
Shipments increased $6.3 billion or 1.1% to $551.9 billion following 2.1% in May.
Shipments rose in twenty five of the last twenty six months.
Unfilled orders increased $8.3 billion or 0.7% to $1,118.0 billion following a 0.3% increase in May.
Unfilled orders rose for the twenty two consecutive months in a row.
Inventories increased $3.3 billion or 0.4% to $801.5 billion following a 1.3% increase in May.
Last week, the bureau reported durable goods orders rose 1.9% in June to $272.6 billion, up eight of the last nine months.
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