Mumbai, Sept. 3 -- New orders for manufactured goods in the United States stood at $663.6 billion in July, rising 0.9% month-over-month, the US Census Bureau reported on Wednesday.
Shipments rose by 0.8% or $5.3 billion compared to June, landing at $658.8 billion, while unfilled orders increased 0.6% or $9.9 billion to $1.6 trillion. The unfilled orders-to-shipments ratio declined to 6.81 from 6.84.
Inventories amounted to $966.9 billion, going up 0.4% or $3.5 billion on a monthly basis. The inventories-to-shipments ratio stood at 1.47, unchanged from June.
Published by HT Digital Content Services with permission from Capital Market....