Metal shipments rise, new orders slip

Jun 26, 2013 | 09:27 AM | Corinna Petry

Tags  Durable goods, primary metal producers, metal fabricators, new orders, shipments, inventories, Michael Montgomery, IHS Global Insight GDP

CHICAGO — Primary metal shipments rose slightly in May even as new orders declined compared with April, according to U.S. Census Bureau data. Metal fabricators also recorded a healthy improvement in shipments, but orders slipped.

Producers trimmed inventories by 0.8 percent in the same comparison, while fabricators’ inventories were basically unchanged, according to non-seasonally adjusted data.....

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