New orders and shipments of US manufactured goods decline in February

Thursday, 02 April 2020 19:39:56 (GMT+3)   |   San Diego
       

New orders for US manufactured goods in February, down three of the last four months, decreased $0.1 billion or virtually unchanged to $497.4 billion, the US Census Bureau reported today. This followed a 0.5 percent January decrease.

Shipments, down two consecutive months, decreased $0.8 billion or 0.2 percent to $500.3 billion.  This followed a 0.6 percent January decrease.

Unfilled orders, up four of the last five months, increased $1.4 billion or 0.1 percent to $1,158.6 billion.  This followed a virtually unchanged January increase. The unfilled orders-to-shipments ratio was 6.61, down from 6.62 in January. 

Inventories, down two consecutive months, decreased $2.6 billion or 0.4 percent to $699.4 billion.  This followed a 0.3 percent January decrease. The inventories-to-shipments ratio was 1.40, unchanged from January.


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