August Factory Orders Plummet In August [CHARTS]

August Factory Orders Reverse Out July Gains In Transportation first appeared on Floating Path.

New orders for manufactured goods plummeted 10.1% in August to $502.0 billion. This decrease follows a 10.5% increase in July. Excluding transportation, new orders decreased 0.1%. New orders are up 4.0% from a year ago.

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Shipments decreased 1.0% to $503.1 billion, following a 1.4% increase in July.

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Unfilled orders increased 0.6% to $1,164.5 billion, following a 5.3% increase.

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Inventories increased 0.1% to $653.9 billion, following a flat month prior.

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The inventories-to-shipments ratio was 1.30, up from 1.29 in July.

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