New orders in the manufacturing sector increased 1.8% during June (-6.2% y/y) following a 1.1% May decline. The rise roughly matched expectations in the Action Economics Forecast Survey. Durable goods orders rose 3.4% (-3.0% y/y) following 2.3% decline. These figures were unchanged from the advance release. A roughly two-thirds increase in nondefense aircraft bookings (11.2% y/y) powered the rise. Orders excluding the transportation sector altogether rose 0.5% (-6.2% y/y) after a 0.1% dip. Nondurable goods orders (which equal shipments) improved 0.4% (-8.0% y/y) following no change. Petroleum refinery shipments gained 1.7% (-28.4% y/y) after a 2.4% increase. Food products shipments eased (-0.9% y/y) for the sixth straight month. Apparel shipments gained 0.4% (0.3% y/y) following a 0.9% jump and paper product shipments fell 0.9% (-2.1% y/y) after a 1.1% decline. Basic chemical shipments improved 0.4% (-0.9% y/y) and reversed the May decline. Shipments of durable goods improved 0.5% (3.5% y/y) after they declined during four of the prior five months.

Unfilled orders remained unchanged (4.6% y/y), also following declines in four of the prior five months. Backlogs excluding the transportation sector eased 0.1% (0.6% y/y). Unfilled orders of nondefense aircraft rose 0.5% (11.3% y/y).

Inventories in the factory sector rose 0.6% (-0.1% y/y) following a 0.1% uptick. Durable goods inventories increased 0.6% (4.0% y/y). Computes & electronic product inventories gained 0.7% (4.7% y/y) following a 0.3% easing. Nondurable goods inventories gained 0.4% (-5.9% y/y) as petroleum refinery inventories rose 2.4% (-28.7% y/y). Food product inventories fell 0.4% (-1.5% y/y) and reversed May's rise. Apparel inventories rose 0.2% (13.7% y/y) after 1-to-2 percent increases in the prior two months. Paper product inventories gained 0.5% (2.4% y/y). Basic chemical inventories improved 0.1% (-2.8% y/y) following seven consecutive months of decline.

The factory sector figures are available in Haver's USECON database. The expectations figure from the Action Economics Forecast Survey is available in AS1REPNA.