Monday, May 4, 2015

New Orders Increase for First Time in 7 Months

New orders for manufactured goods increased 2.1% to $476.5 billion in March following a revised 0.1% decline in February according to the U.S. Census Bureau. The March increase in orders was the first after 7 consecutive months of decreases.

New orders for transportation equipment were strong, rising 13.5% to $80.4 billion, as defense aircraft and parts orders increased by 103.0% and nondefense aircraft and parts increased by 30.6%. New orders for manufactured durable goods were up by 4.4% to $241.2 billion

Shipments increased 0.5% to $482.2 billion after a 0.4% increase in February. Inventories decreased 0.2% to $649.1 billion, after remaining virtually flat in February. Unfilled orders increased by 0.1% to $1.157 trillion, following a 0.5% February decline.

The inventories-to-shipments ratio was 1.35, unchanged from February.

Read the Census Bureau release

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