Factory orders fell for a sixth consecutive month in the latest disappointing report from the U.S. Census Bureau.
Factory orders in the U.S. fell again for the sixth straight month, according to the latest report from the U.S. Census Bureau.
Factory orders fell $0.9 billion, or 0.2% to $470 billion. Nowhere near as bad as December’s fall of 3.5%.
Shipments are down making if five down months out of the last six. The sector lost $9.8 billion, or 2%, to $479.1 billion.
Unfilled orders fell by $2.2 billion, to $1,163.4 billion. And inventories lost $2.5 billion to come in at $650.5 billion.
More about the U.S. Census Bureau report on manufacturers’ shipments, inventories and orders for January on IndustryWeek.
IndustryWeek is an NED companion site within Penton’s Manufacturing & Supply Chain Group.