Metal shipments, new orders tumble

Aug 26, 2013 | 02:21 PM | Corinna Petry

Tags  Durable goods, primary metals, fabricated metals, new orders, shipments, inventories, motor vehicles, aircraft Michael Montgomery

CHICAGO — Shipments and new orders of primary metals and fabricated metals declined in July compared with the previous month, according to U.S. Census Bureau data released Aug. 26.

Primary metal producers’ shipments totaled $24.91 billion, down 1.6 percent from June, and the year-to-date total of $177.39 billion was 2 percent lower than in the first seven months of last year, according to nonseasonally adjusted data. New orders totaled $24.9 billion in July, down 1.7 percent from the previous month, but the year-to-date total of $180.86 billion remained 1.9 percent ahead of a year earlier. ....

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