Bookings remain unchanged in November, but are up over the past 12 months, Orders for U.S.-made products remained unchanged in November on the seasonally adjusted basis, reported by the U.S. Commerce Department.
The manufacturing industries are not really moving forward but they are not in retreat, either. Bookings for U.S.-made products such as autos or appliances grew by 2.98 % over the past 12 months, and inventories by 2.49 %.

Another category of orders closely watched by economists, known as excluding defense and transportation, orders remained unchanged equally to total orders on the seasonally adjusted basis.
That closely watched category gives a better read on trends in the private sector because it excludes transportation and government spending on defense.
Excluding defense and transportation jumped by 2.87 % for the year and inventories by 2.62 %.

In November total manufacturing shipments sunk by -0.64 % to $505 billions, a decrease by $3 billions from $508 in October on the seasonally adjusted basis. Excluding transportation shipments fell by -1.22 %.

Factory Orders (Picture Autor: Wolfgang Meinhart) licence GNU

Durable Goods New Orders		Primary Metals New Orders		Machinery New Orders		Transp. Equip. New Orders
0.00%	3.14%	0.00%	5.04%	0.00%	1.68%	0.00%	5.03%
*M/M*	Y/Y	M/M	Y/Y	M/M	Y/Y	M/M	Y/Y

Inventories remained unchanged in November on the seasonally adjusted basis, reported by the U.S. Commerce Department. Inventory to shipments ratio grew to 1.35 from 1.34 in the previous month.

Unfilled orders have increased on the same pace like in previous month, unfilled orders remained unchanged on the seasonally adjusted basis, as shipments for aircrafts and parts grew 18.08 % to $ billions. Over the past 12 months, Unfilled orders grew by 4.34 %.


New Orders / Shipments Ratio	Inventory / Shipments Ratio
Total New orders / shipments ratio for all manufacturing industries was 1.00. Excluding transportation new orders / shipments ratio was 1.01. Excluding defense new orders / shipments ratio was 1.00 .	Inventory / shipments ratio for all manufacturing industries was 1.35. Excluding transportation Inventory / shipments ratio was 1.32. Excluding defense Inventory / shipments ratio was 1.33.

Factory Shipments (Seasonally Adjusted, in millions $)	Nov. 2018 adv.	Oct. 2018 adv.	Sep. 2018 adv.	Aug. 2018 adv.	July 2018 adv.	June 2018 adv.
All manufacturing industries	505,116	508,363	509,779	504,009	501,690	501,383
Excluding transportation	415,599	420,728	420,388	417,797	417,476	416,088
Excluding defense	491,231	494,259	496,006	490,287	488,142	488,060
With unfilled orders	179,136	176,707	178,630	176,206	173,214	175,418
Durable goods industries	256,716	254,648	256,455	253,094	251,113	251,138
Primary metals	21,868	21,599	21,914	21,787	21,687	21,493
Iron & steel mills	11,162	11,089	11,092	11,084	10,936	10,686
Aluminum & nonferrous metals	9,284	9,137	9,483	9,316	9,359	9,453
Ferrous metal foundries	1,422	1,373	1,339	1,387	1,392	1,354
Fabricated metal products	33,057	33,099	33,053	32,951	33,000	32,927
Machinery	32,893	32,799	32,751	32,818	32,941	32,771
Construction machinery	2,922	2,920	3,002	3,028	2,970	2,984
Mining, oil field, & gas field machinery	1,484	1,464	1,502	1,538	1,532	1,509
Industrial machinery	2,562	2,691	2,786	2,652	2,700	2,619
Photographic equipment	548	594	586	521	608	541
Ventilation, heating, air-conditioning, & refrigeration equipment	3,807	3,893	3,852	3,879	3,924	3,973
Metalworking machinery	2,628	2,582	2,528	2,682	2,787	2,762
Turbines, generators, & other power transmission equipment	4,503	4,475	4,432	4,385	4,091	4,103
Material handling equipment	2,767	2,706	2,696	2,732	2,676	2,723
Computers & electronic products	27,649	27,353	27,109	27,166	27,162	26,679
Computers	803	827	838	843	839	768
Nondefense communications equipment	3,315	3,270	3,288	3,225	3,259	3,247
Defense communications equipment	327	333	301	304	294	288
Semiconductors	-	-	-	-	-	-
Electronic components	3,549	3,444	3,391	3,391	3,339	3,461
Nondefense search & navigation equipment	1,536	1,563	1,508	1,531	1,531	1,508
Defense search & navigation equipment	2,802	2,790	2,723	2,786	2,743	2,705
Electromedical, measuring, & control instruments	9,454	9,445	9,314	9,508	9,519	9,201
Electrical equipment, appliances, & components	11,481	11,523	11,529	11,424	11,313	11,200
Electric lighting equipment	1,028	1,041	1,041	1,054	1,045	1,079
Household appliances	1,721	1,776	1,730	1,742	1,720	1,706
Electrical equipment	3,012	3,090	3,162	3,141	3,149	3,044
Transportation equipment	89,517	87,635	89,391	86,212	84,214	85,295
Motor vehicle bodies, parts, & trailers	27,666	27,597	27,674	27,426	27,102	26,886
Nondefense aircraft & parts	14,989	12,694	14,760	12,597	10,571	14,213
Defense aircraft & parts	4,515	4,759	4,761	4,672	4,731	4,313
Ships & boats	2,780	2,717	2,777	2,726	2,807	2,869
Furniture & related products	6,490	6,531	6,429	6,557	6,551	6,548
Nondurable goods industries	248,400	253,715	253,324	250,915	250,577	250,245

Factory New Orders (Seasonally Adjusted, in millions $)	Nov. 2018 adv.	Oct. 2018 adv.	Sep. 2018 adv.	Aug. 2018 adv.	July 2018 adv.	June 2018 adv.
All manufacturing industries	502,677	502,677	515,334	510,466	497,754	501,718
Excluding transportation	417,835	417,835	417,903	415,019	414,735	414,030
Excluding defense	489,180	489,180	492,961	491,981	484,759	486,676
With unfilled orders	175,001	175,001	188,329	186,627	173,278	179,842
Durable goods industries	248,962	248,962	262,010	259,551	247,177	251,473
Primary metals	21,429	21,429	22,302	22,048	21,946	21,841
Iron & steel mills	10,797	10,797	11,402	11,177	11,126	10,794
Aluminum & nonferrous metals	9,254	9,254	9,474	9,410	9,397	9,644
Ferrous metal foundries	1,378	1,378	1,426	1,461	1,423	1,403
Fabricated metal products	33,394	33,394	33,237	33,546	33,142	33,429
Machinery	33,193	33,193	33,364	32,965	33,342	32,968
Construction machinery	2,882	2,882	3,303	3,176	2,937	2,978
Mining, oil field, & gas field machinery	1,450	1,450	1,553	1,493	1,527	1,345
Industrial machinery	2,752	2,752	2,852	2,642	2,602	2,589
Photographic equipment	587	587	544	488	643	543
Ventilation, heating, air-conditioning, & refrigeration equipment	4,120	4,120	3,843	3,985	4,073	4,115
Metalworking machinery	2,632	2,632	2,517	2,648	2,686	2,725
Turbines, generators, & other power transmission equipment	4,423	4,423	4,430	4,328	4,099	3,913
Material handling equipment	2,818	2,818	2,790	2,876	3,050	2,983
Computers & electronic products	23,836	23,836	23,292	23,386	23,487	23,268
Computers	856	856	886	865	854	774
Nondefense communications equipment	3,445	3,445	3,328	3,341	3,320	3,460
Defense communications equipment	327	327	291	318	291	265
Semiconductors	-	-	-	-	-	-
Electronic components	3,496	3,496	3,445	3,343	3,466	3,604
Nondefense search & navigation equipment	1,604	1,604	1,571	1,568	1,609	1,624
Defense search & navigation equipment	2,852	2,852	2,748	2,882	2,772	2,832
Electromedical, measuring, & control instruments	9,555	9,555	9,421	9,455	9,537	9,297
Electrical equipment, appliances, & components	11,645	11,645	11,498	11,494	11,488	11,420
Electric lighting equipment	1,030	1,030	1,036	1,048	1,053	1,125
Household appliances	1,805	1,805	1,717	1,720	1,699	1,764
Electrical equipment	3,111	3,111	3,118	3,140	3,179	3,047
Transportation equipment	84,842	84,842	97,431	95,447	83,019	87,688
Motor vehicle bodies, parts, & trailers	27,600	27,600	27,781	27,558	27,235	26,836
Nondefense aircraft & parts	10,416	10,416	13,645	17,101	9,214	14,667
Defense aircraft & parts	4,710	4,710	11,672	5,186	4,295	6,570
Ships & boats	1,643	1,643	3,092	3,507	2,757	2,165
Furniture & related products	6,516	6,516	6,688	6,494	6,508	6,626
Nondurable goods industries	253,715	253,715	253,324	250,915	250,577	250,245

Factory Unfilled Orders (Seasonally Adjusted, in millions $)	Nov. 2018 adv.	Oct. 2018 adv.	Sep. 2018 adv.	Aug. 2018 adv.	July 2018 adv.	June 2018 adv.
All manufacturing industries	1,186,506	1,186,506	1,186,506	1,176,482	1,164,904	1,165,167
Excluding transportation	367,698	367,698	367,698	365,499	364,244	362,849
Excluding defense	990,271	990,271	990,271	989,302	982,873	982,411
With unfilled orders	-	-	-	-	-	-
Durable goods industries	1,186,506	1,186,506	1,186,506	1,176,482	1,164,904	1,165,167
Primary metals	31,885	31,885	31,885	31,333	31,105	30,782
Iron & steel mills	17,309	17,309	17,309	16,855	16,777	16,533
Aluminum & nonferrous metals	11,120	11,120	11,120	11,127	11,060	11,010
Ferrous metal foundries	3,456	3,456	3,456	3,351	3,268	3,239
Fabricated metal products	84,933	84,933	84,933	84,765	83,847	83,838
Machinery	105,677	105,677	105,677	104,828	104,855	104,318
Construction machinery	6,685	6,685	6,685	6,328	6,116	6,174
Mining, oil field, & gas field machinery	4,398	4,398	4,398	4,292	4,328	4,333
Industrial machinery	8,592	8,592	8,592	8,400	8,487	8,539
Photographic equipment	1,513	1,513	1,513	1,610	1,659	1,612
Ventilation, heating, air-conditioning, & refrigeration equipment	6,967	6,967	6,967	7,070	6,965	6,878
Metalworking machinery	7,764	7,764	7,764	7,789	7,950	8,136
Turbines, generators, & other power transmission equipment	29,435	29,435	29,435	29,439	29,471	29,405
Material handling equipment	12,945	12,945	12,945	12,816	12,717	12,210
Computers & electronic products	115,787	115,787	115,787	115,492	115,348	115,081
Computers	2,103	2,103	2,103	2,055	2,033	2,021
Nondefense communications equipment	24,800	24,800	24,800	24,787	24,649	24,589
Defense communications equipment	1,437	1,437	1,437	1,450	1,427	1,427
Semiconductors	-	-	-	-	-	-
Electronic components	12,612	12,612	12,612	12,555	12,646	12,491
Nondefense search & navigation equipment	19,717	19,717	19,717	19,665	19,635	19,648
Defense search & navigation equipment	27,081	27,081	27,081	27,073	26,961	26,920
Electromedical, measuring, & control instruments	28,037	28,037	28,037	27,907	27,997	27,985
Electrical equipment, appliances, & components	19,896	19,896	19,896	19,926	19,881	19,676
Electric lighting equipment	1,410	1,410	1,410	1,405	1,416	1,403
Household appliances	1,366	1,366	1,366	1,385	1,408	1,438
Electrical equipment	7,693	7,693	7,693	7,773	7,797	7,747
Transportation equipment	818,808	818,808	818,808	810,983	800,660	802,318
Motor vehicle bodies, parts, & trailers	26,976	26,976	26,976	26,830	26,738	26,589
Nondefense aircraft & parts	604,266	604,266	604,266	606,116	600,805	602,526
Defense aircraft & parts	79,628	79,628	79,628	72,587	71,943	72,419
Ships & boats	30,508	30,508	30,508	29,920	28,943	28,984
Furniture & related products	8,979	8,979	8,979	8,524	8,569	8,515
Nondurable goods industries	-	-	-	-	-	-

Factory Total Inventories (Seasonally Adjusted, in millions $)	Nov. 2018 adv.	Oct. 2018 adv.	Sep. 2018 adv.	Aug. 2018 adv.	July 2018 adv.	June 2018 adv.
All manufacturing industries	681,689	681,689	680,400	675,610	675,839	669,270
Excluding transportation	550,593	550,593	549,868	546,208	544,454	542,419
Excluding defense	654,586	654,586	653,282	648,616	648,636	642,135
With unfilled orders	334,956	334,956	334,627	330,929	332,596	327,249
Durable goods industries	411,342	411,342	410,927	407,201	408,557	402,947
Primary metals	35,616	35,616	35,652	35,574	35,606	35,021
Iron & steel mills	20,152	20,152	20,079	20,075	20,063	19,786
Aluminum & nonferrous metals	13,377	13,377	13,513	13,478	13,537	13,247
Ferrous metal foundries	2,087	2,087	2,060	2,021	2,006	1,988
Fabricated metal products	54,195	54,195	54,278	53,572	53,450	52,995
Machinery	69,593	69,593	69,696	68,756	68,186	68,258
Construction machinery	5,553	5,553	5,520	5,418	5,497	5,536
Mining, oil field, & gas field machinery	5,494	5,494	5,420	5,371	5,403	5,491
Industrial machinery	8,492	8,492	8,879	8,564	8,410	8,344
Photographic equipment	1,699	1,699	1,695	1,700	1,693	1,693
Ventilation, heating, air-conditioning, & refrigeration equipment	5,055	5,055	5,066	5,029	4,934	4,920
Metalworking machinery	5,943	5,943	5,939	5,988	5,962	5,892
Turbines, generators, & other power transmission equipment	9,586	9,586	9,538	9,447	9,453	9,670
Material handling equipment	5,897	5,897	5,813	5,659	5,568	5,635
Computers & electronic products	43,085	43,085	43,419	42,965	43,170	43,493
Computers	1,448	1,448	1,507	1,497	1,491	1,539
Nondefense communications equipment	4,783	4,783	4,705	4,677	4,721	4,742
Defense communications equipment	649	649	646	661	677	693
Semiconductors	-	-	-	-	-	-
Electronic components	7,241	7,241	7,362	7,214	7,263	7,297
Nondefense search & navigation equipment	2,568	2,568	2,583	2,547	2,575	2,584
Defense search & navigation equipment	2,622	2,622	2,621	2,636	2,624	2,642
Electromedical, measuring, & control instruments	15,346	15,346	15,419	15,261	15,238	15,357
Electrical equipment, appliances, & components	19,227	19,227	18,933	18,898	18,798	18,607
Electric lighting equipment	2,232	2,232	2,235	2,241	2,225	2,234
Household appliances	2,768	2,768	2,788	2,813	2,818	2,806
Electrical equipment	5,333	5,333	5,175	5,210	5,194	5,122
Transportation equipment	131,096	131,096	130,532	129,402	131,385	126,851
Motor vehicle bodies, parts, & trailers	25,778	25,778	25,641	25,480	25,576	25,478
Nondefense aircraft & parts	66,805	66,805	66,601	65,268	67,061	62,916
Defense aircraft & parts	13,206	13,206	13,140	12,888	12,902	12,838
Ships & boats	2,909	2,909	3,059	3,041	2,995	2,939
Furniture & related products	7,860	7,860	7,966	7,891	7,901	7,884
Nondurable goods industries	270,347	270,347	269,473	268,409	267,282	266,323

Factory New Orders/ Shipment (Seasonally Adjusted, in millions $)	Nov. 2018 adv.	Oct. 2018 adv.	Sep. 2018 adv.	Aug. 2018 adv.	July 2018 adv.	June 2018 adv.
All manufacturing industries	1.00	0.99	1.01	1.01	0.99	1.00
Excluding transportation	1.01	0.99	0.99	0.99	0.99	1.00
Excluding defense	1.00	0.99	0.99	1.00	0.99	1.00
With unfilled orders	0.98	0.99	1.05	1.06	1.00	1.03
Durable goods industries	0.97	0.98	1.02	1.03	0.98	1.00
Primary metals	0.98	0.99	1.02	1.01	1.01	1.02
Iron & steel mills	0.97	0.97	1.03	1.01	1.02	1.01
Aluminum & nonferrous metals	1.00	1.01	1.00	1.01	1.00	1.02
Ferrous metal foundries	0.97	1.00	1.06	1.05	1.02	1.04
Fabricated metal products	1.01	1.01	1.01	1.02	1.00	1.02
Machinery	1.01	1.01	1.02	1.00	1.01	1.01
Construction machinery	0.99	0.99	1.10	1.05	0.99	1.00
Mining, oil field, & gas field machinery	0.98	0.99	1.03	0.97	1.00	0.89
Industrial machinery	1.07	1.02	1.02	1.00	0.96	0.99
Photographic equipment	1.07	0.99	0.93	0.94	1.06	1.00
Ventilation, heating, air-conditioning, & refrigeration equipment	1.08	1.06	1.00	1.03	1.04	1.04
Metalworking machinery	1.00	1.02	1.00	0.99	0.96	0.99
Turbines, generators, & other power transmission equipment	0.98	0.99	1.00	0.99	1.00	0.95
Material handling equipment	1.02	1.04	1.03	1.05	1.14	1.10
Computers & electronic products	0.86	0.87	0.86	0.86	0.86	0.87
Computers	1.07	1.04	1.06	1.03	1.02	1.01
Nondefense communications equipment	1.04	1.05	1.01	1.04	1.02	1.07
Defense communications equipment	1.00	0.98	0.97	1.05	0.99	0.92
Semiconductors	-	-	-	-	-	-
Electronic components	0.99	1.02	1.02	0.99	1.04	1.04
Nondefense search & navigation equipment	1.04	1.03	1.04	1.02	1.05	1.08
Defense search & navigation equipment	1.02	1.02	1.01	1.03	1.01	1.05
Electromedical, measuring, & control instruments	1.01	1.01	1.01	0.99	1.00	1.01
Electrical equipment, appliances, & components	1.01	1.01	1.00	1.01	1.02	1.02
Electric lighting equipment	1.00	0.99	1.00	0.99	1.01	1.04
Household appliances	1.05	1.02	0.99	0.99	0.99	1.03
Electrical equipment	1.03	1.01	0.99	1.00	1.01	1.00
Transportation equipment	0.95	0.97	1.09	1.11	0.99	1.03
Motor vehicle bodies, parts, & trailers	1.00	1.00	1.00	1.00	1.00	1.00
Nondefense aircraft & parts	0.69	0.82	0.92	1.36	0.87	1.03
Defense aircraft & parts	1.04	0.99	2.45	1.11	0.91	1.52
Ships & boats	0.59	0.60	1.11	1.29	0.98	0.75
Furniture & related products	1.00	1.00	1.04	0.99	0.99	1.01
Nondurable goods industries	1.02	1.00	1.00	1.00	1.00	1.00

• Source U.S. Census Bureau, Manufacturing and Construction Division
Picture Autor: (Wolfgang Meinhart) licence GNU.

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