In October 2012, new orders for manufactured durable goods increased 0.8 percent, to $477.6 billion. Shipments rose 0.4 percent, to $482.3 billion. Unfilled orders increased 0.3 percent, to $982.9 billion. Inventories rose 0.1 percent, to $616.0 billion.
Manufacturers' Shipments, Inventories, and Orders (M3), also known as "factory orders,” is a monthly report released by the Economics & Statistics Administration, U.S. Department of Commerce, from data gathered 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 Manufacturers’ Shipments, Inventories, and Orders (M3) survey provides broad statistical data on economic conditions in the domestic manufacturing sector. The survey measures current industrial activity and provides an indication of potential business trends.
Chris Bryant, MBA, RFC® is the founder and chief executive officer (CEO) of Bryant Wealth Management, Inc., an independent, fee-only, registered investment adviser. Bryant provides financial planning services for individuals, families, trusts, estates, 401(k) plans, IRAs, and pension plans. Chris has a Masters Degree of Business Administration in Financial Planning from Glendale University and the advanced designation Registered Financial Consultant from the International Association of Registered Financial Consultants. Since 1999, Chris has devoted himself to the practice of financial services – helping people make money, save money, protect money, have convenience and peace of mind. Connect with Chris by E-mail or call toll-free 1-800-980-3048.
Chris Bryant is an American financial advisor.