New orders for manufactured goods increased 1.2% to $470.2 billion in January, according to the U.S. Census Bureau. The January reading followed a 1.3% December increase.
Shipments of manufactured durable goods were virtually unchanged, holding at $238.8 billion. This followed a 1.7% December increase.
Inventories of manufactured durable goods decreased 0.1% to $384.1 billion.
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