New orders for manufactured goods in the United States observed a monthly decrease of 3.6% or $21.5 billion to come in at $569.7 billion in January, the Census Bureau said in its report published on Tuesday.

Shipments decreased $5.7 billion or 1% to stand at $572.3 billion. Unfilled orders increased by $2.1 billion or 0.2% to $1,4 billion. Inventories decreased by 0.1% or $800 million month-on-month to reach $855.8 billion. The inventories-to-shipments ratio was 1.50, up from 1.48 in December.

Meanwhile, new orders for manufactured durable goods decreased $21.5 billion or 3.6% to $569.7 billion.

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