Mumbai, Aug. 5 -- New orders for manufactured goods in the United States stood at $656.5 billion in June, slipping 0.3% month-over-month, data from the US Census Bureau showed on Tuesday.
Shipments decreased by 0.2% or $1.1 billion compared to May, landing at $652.1 billion, while unfilled orders increased 0.6% or $9.6 billion to $1.5 trillion.
Inventories amounted to $962.9 billion, going up 0.1% or $0.9 billion on a monthly basis. The inventories-to-shipments ratio stood at 1.48, up from May's ratio of 1.47.
Published by HT Digital Content Services with permission from Capital Market....