Thursday, April 2, 2015

Factory Orders Increased After Prolonged Decline

New orders for manufactured goods increased $800 million to $468.3 billion in February, following a $3.3 billion decline in January, according to the U.S. Census Bureau. Before February's increase new orders declined for six consecutive months.

Shipments increased $3.6 billion to $481.3 billion after decreasing $11.2 billion in January. Inventories increased $900 million to $651.0 billion following a $2.9 billion decrease in January. Unfilled orders decreased $5.9 billion to $1,156.3 billion, following a $3.3 billion decrease in January.

The inventories-to-shipments ratio was 1.35, down from 1.36 on January.

Read the Census Bureau report.

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