August 2012 new orders for manufactured durable goods decreased 5.2 percent, to $452.8 billion. Shipments fell 0.3 percent, to $476.9 billion. Unfilled orders decreased 1.7 percent, to $978.8 billion. Inventories rose 0.6 percent, to $611.8 billion.
Manufacturers' Shipments, Inventories, and Orders, also known as "factory orders," is a monthly report released by the Economics and Statistics Administration from data collected by the Census Bureau, comprising the dollar level of new orders for manufactured durable goods (products with an expected life of at least three years) and nondurable goods. The report gives more complete information than the advance durable goods orders report.
Chris Bryant, MBA, RFC® is founder & CEO of Bryant Wealth Management, Inc., an independent, fee-only, registered investment adviser. Since 1999, Chris has engaged in the practice of financial services. Bryant guides individual investors through the financial planning process to manage money with peace of mind. Contact Chris@BryantWealthManagement.com.
Chris Bryant is an American financial advisor.