Factory Inventories Hit Record Highs

New orders for manufactured goods increased 1% to $474 billion for April, according to a Commerce Department report (link opens in PDF) released today.

After falling a revised 4.7% for March, analysts had expected a 1.4% April increase.

Source: Commerce Department.

Transportation gains provided the main push for the month's increase, up 8.4% to $67.4 billion. Excluding transportation, overall new orders actually fell 0.1%. New orders for manufactured durable goods managed a respectable 3.5% bump to $223 billion, while nondurable goods fell 1% to $251 billion.

While new orders are up two of the past three months, shipments dropped (-0.7%) for the second straight month. Inventories increased 0.2% for the fifth consecutive monthly increase, reaching a new record since 1992, when data was first collected in this format. Transportation inventories have been the main driver behind inventory increases over the last three years, and bumped up an additional 1.4% for April. Petroleum and coal products have been chipping away at reserves for six of the last seven months, knocking off another 2.3% for April.


Read/Post Comments (0) | Recommend This Article (1)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Compare Brokers

Fool Disclosure

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2473632, ~/Articles/ArticleHandler.aspx, 9/29/2016 9:39:27 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Today's Market

updated 11 hours ago Sponsored by:
DOW 18,339.24 110.94 0.00%
S&P 500 2,171.37 11.44 0.00%
NASD 5,318.55 0.00 0.00%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes