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Sunday, March 29, 2020
HomeNewsEconomyFactory Orders Decline as Expected for April

Factory Orders Decline as Expected for April

Industry production 4.0 and technology concept, depicting factory production on a conveyor belt with factory operational workers in uniform. (Photo: AdobeStock)
Industry production 4.0 and technology concept, depicting factory production on a conveyor belt with factory operational workers in uniform. (Photo: AdobeStock)
Industry production 4.0 and technology concept, depicting factory production on a conveyor belt with factory operational workers in uniform. (Photo: AdobeStock)

Factory orders decreased $4.0 billion in April or 0.8% to $499.3 billion, meeting the consensus forecast. New orders gained 1.3% in March and have been down two of the last three months, the U.S. Census Bureau reported today.

PriorPrior RevisedConsensus ForecastForecast RangeActual
Factory Orders – M/M ∆1.9%1.3%-0.8%-1.3% to -0.3%-0.8%

Shipments, down following two consecutive monthly increases, decreased $2.7 billion or 0.5% to $504.1 billion. This followed a 0.2% March increase.

Unfilled orders, down two of the last three months, decreased $0.6 billion or 0.1% to $1,179.3 billion. This followed a 0.1% March increase. The unfilled orders‐to‐shipments ratio was 6.69, up from 6.61 in March.

Inventories, up seven of the last eight months, increased $1.8 billion or 0.3 percent to $692.9 billion. This followed a 0.4% March increase. The inventories‐to‐shipments ratio was 1.37, up from 1.36 in March.

Written by
Staff Writing Group

PPD Business, the economy-reporting arm of People's Pundit Daily, is "making sense of current events." We are a no-holds barred, news reporting pundit of, by, and for the people.

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