ECON: Factory Orders Rise Slightly Slower Than Expected
*+1.3 pct vs +1.5 pct forecast
* last month revised to -1.1 from -1.0
* excluding transportation +0.9 vs -0.5 last month
* excluding Defense +1.1 vs -1.3 last month
New orders for manufactured goods in February, up
three of the last four months, increased $6.0 billion or
1.3 percent to $468.4 billion, the U.S. Census Bureau
reported today. This followed a 1.1 percent January
decrease. Excluding transportation, new orders
increased 0.9 percent.
Shipments, up nine consecutive months, increased $0.3
billion or 0.1 percent to $462.6 billion. This followed a
0.6 percent January increase.
Unfilled orders, up twenty-two of the last twenty-three
months, increased $12.1 billion or 1.3 percent to $931.1
billion. This followed a 0.7 percent January increase.
The unfilled orders-to-shipments ratio was 6.23, up from
6.12 in January.
Inventories, up twenty-eight of the last twenty-nine
months, increased $2.2 billion or 0.4 percent to $616.8
billion. This was at the highest level since the series was
first published on a NAICS basis in 1992 and followed a
0.6 percent January increase. The inventories-toshipments
ratio was 1.33, unchanged from January.