New Orders for Manufactured Goods up 3% for February

New orders for manufactured goods increased 3% to a seasonally adjusted $492 billion for February, according to a Commerce Department report (link opens in PDF) released today.

After a revised 1% dip in January, new orders have reached an all-time high since data were first collected in 1992. Market analysts had expected a 2.9% increase.

Source: Census.gov. 

Excluding transportation, new factory orders look less optimistic. Similar to the latest durable goods report, transportation accounted for 2.7 percentage points of all new orders. New orders for the transportation sector jumped 21.8%, with nondefense aircraft and parts playing the biggest role there.

Shipments and unfilled orders continued a consecutive climb in February, both up 0.9% for the fifth gain in six months. Inventories also increased 0.2% to $620 billion for the highest level ever recorded. Even as transportation drove new orders up in February, its 31 consecutive months of inventory increase continued to push inventories higher.

link


Read/Post Comments (0) | Recommend This Article (1)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2342262, ~/Articles/ArticleHandler.aspx, 11/23/2014 7:26:23 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...


Advertisement