New orders for manufactured goods in July, down three of the last four months, decreased $15.8 billion or 3.3% to $466.4 billion, the U.S. Commerce Department reported Tuesday. This followed a 3.2% June increase. Transportation equipment, also down three of the last four months, drove the decrease, $17.6 billion or 19.2% to $74.1 billion.
Shipments of manufactured goods, up seven of the last eight months, increased $1.6 billion or 0.3% to $474.3 billion. Inventories in July, up twelve of the last thirteen months, increased $1.3 billion or 0.3% to $398.7 billion.