New Orders for Manufactured Goods Rose 1.4% in February

Washington, DC, April 2, 2024-New orders for manufactured goods in February, up following two consecutive monthly decreases, increased $8.2 billion or 1.4% to $576.8 billion, the U.S. Census Bureau reported. This followed a 3.8% January decrease.

Shipments, also up following two consecutive monthly decreases, increased $8.0 billion or 1.4% to $581.6 billion. This followed a 0.8% January decrease.

Unfilled orders, up eleven of the last twelve months, increased $0.1 billion or virtually unchanged to $1,392.8 billion. This followed a virtually unchanged January decrease.

The unfilled orders- to-shipments ratio was 7.10, down from 7.17 in January. Inventories, up following two consecutive monthly decreases, increased $2.3 billion or 0.3 percent to $857.7 billion. This followed a 0.1% January decrease. The inventories-to-shipments ratio was 1.47, down from 1.49 in January.