New orders and shipments for US manufactured goods decline in February

Monday, 05 April 2021 21:22:24 (GMT+3)   |   San Diego
       

New orders for manufactured goods in February, down following nine consecutive monthly increases, decreased $4.1 billion or 0.8 percent to $505.7 billion, the US Census Bureau reported today. This followed a 2.7 percent January increase.

Shipments, also down following nine consecutive monthly increases, decreased $10.3 billion or 2.0 percent to $502.4 billion. This followed a 1.8 percent January increase.

Unfilled orders, up two consecutive months, increased $8.5 billion or 0.8 percent to $1,082.3 billion. This followed a 0.2 percent January increase. The unfilled orders-to-shipments ratio was 6.29, up from 6.11 in January.

Inventories, up six of the last seven months, increased $5.5 billion or 0.8 percent to  $702.4 billion. This followed a 0.2 percent January increase. The inventories-to-shipments ratio was 1.40, up from 1.36 in January.


Most Recent Related Articles

Toyota joins Auto/Steel Partnership

Arch Resources reports $27.9 million net income in Q2

US cold finished bar exports down 8.7 percent in May

US manufacturing sales and shipments down 0.3 percent in May

US manufacturing PMI drops 0.6 percentage points in June