Research >> Economics
New orders for manufactured goods increased 2.2% in March 2022
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Summary
New orders for manufactured goods in March, up twenty-two of the last twenty-three months, increased $11.8 billion or 2.2 percent to $557.3 billion, the U.S. Census Bureau reported today. This followed a 0.1 percent February increase. Shipments, also up twenty-two of the last twenty-three months, increased $12.6 billion or 2.3 percent to $556.4 billion. This followed a 1.1 percent February increase. Unfilled orders, up fourteen consecutive months, increased $5.5 billion or 0.4 percent to $1,294.8 billion. This followed a 0.5 percent February increase. The unfilled orders-to-shipments ratio was 6.72, down from 6.74 in February. Inventories, up twenty-one of the last twenty-two months, increased $10.4 billion or 1.3 percent to $797.6 billion. This followed a 0.9 percent February increase. The inventories-to-shipments ratio was 1.43, down from 1.45 in February.
New Orders
New orders for manufactured durable goods in March, up five of the last six months, increased $3.0 billion or 1.1 percent to $275.8 billion, up from the previously published 0.8 percent increase. This followed a 1.7 percent February decrease. Computers and electronic products, up two of the last three months, led the increase, $0.7 billion or 2.6 percent to $26.3 billion. New orders for manufactured nondurable goods increased $8.8 billion or 3.2 percent to $281.5 billion.
Shipments
Shipments of manufactured durable goods in March, up ten of the last eleven months, increased $3.8 billion or 1.4 percent to $274.8 billion, up from the previously published 1.2 percent increase. This followed a 0.1 percent February increase. Transportation equipment, up five of the last six months, led the increase, $2.0 billion or 2.6 percent to $80.1 billion. Shipments of manufactured nondurable goods, up twenty-two of the last twenty-three months, increased $8.8 billion or 3.2 percent to $281.5 billion. This followed a 2.1 percent February increase. Petroleum and coal products, up ten of the last eleven months, led the increase, $7.6 billion or 11.9 percent to $71.3 billion.
Unfilled Orders
Unfilled orders for manufactured durable goods in March, up fourteen consecutive months, increased $5.5 billion or 0.4 percent to $1,294.8 billion, unchanged from the previously published increase. This followed a 0.5 percent February increase. Transportation equipment, up thirteen of the last fourteen months, led the increase, $3.8 billion or 0.4 percent to $857.7 billion.
Inventories
Inventories of manufactured durable goods in March, up fourteen consecutive months, increased $3.8 billion or 0.8 percent to $483.4 billion, up from the previously published 0.7 percent increase. This followed a 0.6 percent February increase. Transportation equipment, up four of the last five months, led the increase, $1.5 billion or 1.0 percent to $155.9 billion. Inventories of manufactured nondurable goods, up seventeen of the last eighteen months, increased $6.6 billion or 2.2 percent to $314.1 billion. This followed a 1.3 percent February increase. Petroleum and coal products, up ten of the last eleven months, led the increase, $4.1 billion or 8.5 percent to $53.0 billion. By stage of fabrication, March materials and supplies increased 0.7 percent in durable goods and 3.7 percent in nondurable goods. Work in process increased 1.1 percent in durable goods and 2.9 percent in nondurable goods. Finished goods increased 0.5 percent in durable goods and 0.8 percent in nondurable goods.
Posted: May 3, 2022 Tuesday 10:00 AM