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New orders for produced products increase in May

New orders for produced products in May, up twelve of the last thirteen months, increased $8.4 billion or 1.6% to $543.4 billion, according to the U.S. Census Bureau. This followed a 0.7% boost in April. Shipments, up twenty-four of the last twenty-five months, increased $9.9 billion or 1.8% to $544.4 billion. This followed a 0.6% April boost.

New orders for produced long lasting products in May, up 7 of the last 8 months, increased $2.1 billion or 0.8% to $267.5 billion, up from the formerly released 0.7% boost. This followed a 0.4% April boost.

Shipments of produced long lasting products in May, up twelve of the last thirteen months, increased $3.6 billion or 1.4% to $268.5 billion, up from the formerly released 1.3% boost. This followed a 0.3% April boost. Inventories of produced long lasting products in May, up sixteen successive months, increased $2.8 billion or 0.6% to $482.8 billion, the same from the formerly released boost. This followed a 0.9% April boost.

Read the Census release.

Gabriel

A news media journalist always on the go, I've been published in major publications including VICE, The Atlantic, and TIME.

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