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It said current levels of unfilled orders are at 45 days' sales.
The unfilled order list runs a little over eleven thousand.
Unfilled orders are a widely followed predictor of general business conditions.
Unfilled orders fell 1.1 percent in June, the fourth straight decline.
Unfilled orders for it totaled 15,580 on April 30, 1934.
At the end of the last quarter, the company had almost $1 billion in unfilled orders.
Deliveries of the type totaled 121 with no unfilled orders.
Unfilled orders rose 1.3 percent and inventories increased 0.6 percent.
But another element of the report, unfilled orders, which is also considered a predictive indicator, fell last month.
And for the 10th straight month unfilled orders fell.
In our approach, we assumed that an unfilled order was a lost sale with a lost profit.
A rise in unfilled orders often portends increased output to keep up with demand.
"As these unfilled orders continue to slide, it doesn't look good for future production and hiring."
They noted that consumer spending and the backlog of unfilled orders continued to rise.
But the decline in unfilled orders, to $491.4 billion, was the third in three months.
Two components were removed, sensitive materials prices and unfilled orders for durable goods.
He also said he was impressed by the fact the backlog of unfilled orders rose another 1.2 percent.
As of February 2013, 74 freighters had been delivered to eleven different customers, with 53 unfilled orders.
He expressed some concern about the decline in unfilled orders, which fell for the seventh straight month to the lowest point since June 1988.
As of December 2012, Airbus had delivered 17 aircraft with 35 unfilled orders.
In June, Apple's unfilled orders reached a staggering $1 billion.
And the industry's backlog of unfilled orders stands at $350 million, the highest in nine years, the association reported.
And backlogs of unfilled orders skidded for the ninth straight month, to the lowest level in three years.
New orders last month were 3.6 percent above the level of May 1991, while unfilled orders over this period fell 4.5 percent.
Three components were positive: building permits, faster vendor deliveries and manufacturers' unfilled orders.