US: New orders for manufactured goods in May decreased $3.7 billion (0.8%) to $464.9 billion

"New orders for manufactured goods in May, down two consecutive months, decreased $3.7 billion or 0.8 percent to $464.9 billion," the U.S. Census Bureau announced on Wednesday.

Key highlights:

• This followed a 0.3 percent April decrease
• Shipments, up five of the last six months, increased $0.6 billion or 0.1 percent to $471.5 billion
• This followed a virtually unchanged April increase
• Unfilled orders, down following two consecutive monthly increases, decreased $2.3 billion or 0.2 percent to $1,120.2 billion. This followed a 0.2 percent April increase
• The unfilled orders-to-shipments ratio was 6.75, down from 6.83 in April. Inventories, down following six consecutive monthly increases, decreased $0.3 billion or 0.1 percent to $648.9 billion.
• This followed a virtually unchanged April increase. The inventories-to-shipments ratio was 1.38, unchanged from April