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Mortgage News Daily

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ECON: Factory Orders Higher Than Expected
Posted to: Micro News
Wednesday, December 05, 2012 10:15 AM

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- Factory Orders +0.8 vs 0.0 Consensus
- Durable Orders revised up to 0.5 from 0.0

New orders for manufactured goods in October, up three of the last four months, increased $3.8 billion or 0.8 percent to $477.6 billion, the U.S. Census Bureau reported today. This followed a 4.5 percent September increase. Excluding transportation, new orders increased 1.3 percent.

Shipments, up three of the last four months, increased $1.9 billion or 0.4 percent to $482.3 billion. This followed a 0.7 percent September increase.

Unfilled orders, up four of the last five months, increased $2.8 billion or 0.3 percent to $982.9 billion. This followed a 0.1 percent September increase. The unfilled orders-to-shipments ratio was 6.25, up from 6.24 in September.

Inventories, up four consecutive months, increased [forwardfullbody].5 billion or 0.1 percent to $616.0 billion. This was at the highest level since the series was first published on a NAICS basis in 1992 and followed a 0.6 percent September increase. The inventories-to-shipments ratio was 1.28, unchanged from September.




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