Orders for Manufactured Goods Rose 2.2% in March
Washington, DC, May 3, 2022-New orders for manufactured goods in March, up twenty-two of the last twenty-three months, increased $11.8 billion or 2.2% to $557.3 billion, the U.S. Census Bureau reported. This followed a 0.1% February increase.
Shipments, also up twenty-two of the last twenty-three months, increased $12.6 billion or 2.3% to $556.4 billion. This followed a 1.1% February increase.
Unfilled orders, up fourteen consecutive months, increased $5.5 billion or 0.4% to $1,294.8 billion. This followed a 0.5% 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% to $797.6 billion. This followed a 0.9% February increase.
The inventories-to-shipments ratio was 1.43, down from 1.45 in February.
Related Topics:U.S. Census Bureau