Factory Orders Up in February

Factory orders rose 1.8% in February, following six consecutive monthly decreases, the U.S. Department of Commerce reported Thursday. The $6.1 billion increase to $352.2 billion, follows a 3.5 percent drop in January. Excluding transportation, new orders increased 1.6 percent.

– Shipments, down seven consecutive months, decreased $0.4 billion or 0.1 percent to $365.9 billion. This was the longest streak of consecutive monthly decreases since 1992 and followed a 2.6 percent January decrease.

– Unfilled orders decreased $10.7 billion or 1.4 percent to $773.2 billion.

– Inventories, down six consecutive months, decreased $6.2 billion or 1.2 percent to $529.7 billion. This was the longest streak of consecutive monthly decreases since March 2003-January 2004 and followed a 1.1 percent January decrease.

Disclaimer: This page contains affiliate links. If you choose to make a purchase after clicking a link, we may receive a commission at no additional cost to you. Thank you for your support!

Be the first to comment

Leave a Reply

Your email address will not be published.


*

This site uses Akismet to reduce spam. Learn how your comment data is processed.