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New orders for manufactured goods decreased 1.7% in February
New orders for manufactured goods in February, down three of the last four months, decreased $8.0 billion or 1.7 percent to $454.0 billion, the U.S. Census Bureau reported today. This followed a 1.2 percent January increase.
Shipments, down ten of the last eleven months, decreased $3.4 billion or 0.7 percent to $462.8 billion. This followed a 0.2 percent January decrease. Unfilled orders, down two of the last three months, decreased $4.1 billion or 0.3 percent to $1,184.0 billion. This followed a 0.1 percent January increase. The unfilled orders-to-shipments ratio was 7.02, up from 6.96 in January.
Inventories, down eight consecutive months, decreased $2.6 billion or 0.4 percent to $634.3 billion. This followed a 0.5 percent January decrease. The inventories-to-shipments ratio was 1.37, unchanged from January.
Posted: April 4, 2016 Monday 10:00 AM