September 2012 new orders for manufactured durable goods increased 4.8 percent, to $475.4 billion. Shipments rose 0.9 percent, to $481.3 billion. Unfilled orders increased 0.2 percent, to $981.0 billion. Inventories rose 0.6 percent, to $615.7 billion.
Manufacturers' Shipments, Inventories, and Orders (M3) is a monthly report also known as "factory orders," released by the Economics & Statistics Administration, U.S. Department of Commerce, from data gathered by the United States 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 (M3) survey provides broad-based, monthly statistical data on economic conditions in the domestic manufacturing sector. The survey measures current industrial activity and provides an indication of future business trends.
Chris Bryant, MBA, RFC® is founder & CEO of Bryant Wealth Management, Inc., an independent, fee-only, registered investment adviser. Since 1999, Chris has devoted himself to the practice of financial planning services – helping individual investors seeking to make money, save money, protect money, have convenience and peace of mind. Connect with Chris@BryantWealthManagement.com.
Chris Bryant is an American financial advisor.