New orders for manufactured goods in February, up three of the last four months, increased $6.0 billion or 1.3% to $468.4 billion, the U.S. Census Bureau (www.census.gov) reported. This followed a 1.1% January decrease. Excluding transportation, new orders increased 0.9%.
Shipments, up nine consecutive months, increased $0.3 billion or 0.1% to $462.6 billion. This followed a 0.6% January increase.
Unfilled orders, up twenty-two of the last twenty-three months, increased $12.1 billion or 1.3% to $931.1 billion. This followed a 0.7% January increase. The unfilled orders-to-shipments ratio was 6.23, up from 6.12 in January.
Inventories, up twenty-eight of the last twenty-nine months, increased $2.2 billion or 0.4% to $616.8 billion. This was at the highest level since the series was first published on a NAICS basis in 1992 and followed a 0.6% January increase. The inventories-toshipments ratio was 1.33, unchanged from January.
New orders for manufactured durable goods in February, up four of the last five months, increased $5.0 billion or 2.4% to $212.5 billion, revised from the previously published 2.2% increase. This followed a 3.5% January decrease.
Transportation equipment, up three of the last four months, had the largest increase, $2.2 billion or 3.9% to $57.9 billion.
New orders for manufactured nondurable goods increased $1.1 billion or 0.4% to $255.9 billion.
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