Mumbai, July 3 -- New orders for manufactured goods in the United States stood at $657.4 billion in May, falling 1.3% from the month before, according to a report by the US Census Bureau released on Thursday.
Shipments increased by 1.6%, or $10.3 billion, compared to March, landing at $653.2 billion, while unfilled orders advanced by 0.6%, or $9.2 billion, to $1.6 trillion.
Inventories amounted to $962 billion, up 0.2%, or $2.1 billion on a monthly basis. The inventories-to-shipments ratio stood at 1.47, down from 1.49 reported in the previous month.
Published by HT Digital Content Services with permission from Capital Market....