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New orders for manufactured goods declined 4.8% in June, following an 8.3% increase in May. On the other hand, new orders for manufactured goods grew 3.8% over the year. When excluding transportation, new orders inched up 0.4%. Orders for durable goods plunged 9.4%, following a 16.5% increase in May. Year to date, durable goods orders are up 7.9%. Nondurable goods orders rose 0.5% in June after ticking up 0.1% in May. Nondurable goods orders are down 0.1% over the year.

New orders for nondefense aircraft and parts, which have been incredibly volatile in recent months, led the decrease in durable goods orders, diving 51.8%, following May’s 231.6% surge. In June, the largest monthly increase occurred in industrial machinery, which jumped 6.9%, after rising 2.3% the prior two months. The largest over-the-year changes also occurred in nondefense aircraft and parts (up 175.9%) and defense search and navigation equipment (down 7.5%).

Factory shipments increased 0.5% in June, after rising 0.2% in May. Shipments over the year rose 1.0%. Shipments excluding transportation ticked up 0.4% in June, following a 0.1% rise the previous month. Shipments for durable goods improved 0.5% in June, following a 0.3% increase in May, and are up 2.2% year to date. Meanwhile, nondurable goods shipments advanced 0.5% after inching up 0.1% the prior month but are down 0.1% year to date.

Unfilled orders for all manufacturing industries rose 1.0% in June, after increasing 3.4% in May. Unfilled orders over the year jumped 7.2%. Inventories ticked up 0.2%, after inching up 0.1% the prior month, and the inventories-to-shipments ratio remained the same at 1.57. The unfilled orders-to-shipments ratio for durable goods increased to 7.03 from 6.98 in May.