(Census Bureau) New orders for manufactured goods in the US rose by 0.3% or $1.8 billion to $533.2 billion in April, slower compared to a jump of 1.8% in March.
Shipments were posted to be on the rise by 0.2% or $0.9 billion to a higher $532.1 billion. The increase was lower than the 2.2% surge in March.
Unfilled orders rose by 0.5% or $6.0 billion to $1,106.8 billion, the same increase as in March. The unfilled orders-to-shipments ratio rose slightly to 6.07 in April, from 6.06 in March.
Inventories cooled to a 0.6% or $4.4 billion increase in April, compared to a surge of 1.4% in March. The inventories-to-shipments ratio was 1.48, an increase from 1.47 in March.
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