Consumer goods have increased in demand and the supply chain has been disrupted but some figures tell a different story and it has been confusing so as to what is happening.
Unfilled orders for consumer durable goods increased $6 million, or 0.1 percent, to $4.45 billion in April, according to a U.S. Census Bureau report before released in August. The previous month saw unfilled orders for the same category decrease by 2 percent.
The Census Bureau provides monthly broad-based data on current economic conditions as well as indicators of future production commitments in manufacturing. The statistics are a good indicator of future economic conditions. Data is collected from approximately 3,100 companies representing manufacturers with $500 million or more in annual shipments. It is broken down into 89 industry categories of units that may be divisions of diversified companies, homogenous companies or single-unit manufacturers.
The statistics include the value of shipments as provided by manufacturers, new orders (net of cancellations), end-of-month order backlog/unfilled orders, end-of-month total inventory, materials and supplies, work in progress, and finished goods inventories at current market value or costs.
As the orders are growing the markets will also be somewhat stabilized as the two are co-related and the durable goods are currently good in production as well as demand with the global markets wanting more supplies as the US-China trade war has made the global scales tip off balance to a huge extent.
Tags : consumer durables, Orders,