New orders for manufactured goods increased 1.1% to $458.4 billion in March, following a 1.9% February decrease according to the U.S. Census Bureau. This was the second increase in in the last three months.
New orders for manufactured durable goods increased 0.8% to $230.6 billion, following a 3.1% decrease in February. Orders for transportation led the increase, rising 2.8% to $75.8 billion.
Shipments of manufactured durable goods fell 0.5% to $236.9 billion, largely unchanged from February’s decrease. Transportation equipment drove the decrease, falling 1.9% to $77.4 billion. Excluding transportation, shipments increased 1.0% compared to a 0.7% decline in the previous month.
Shipments of nondurable goods rose following eight consecutive monthly drops, rising 1.5% to $227.8 billion. Growth in shipments of petroleum and coal products drove the increases.
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