New orders for US manufactured goods in March, up following two consecutive monthly decreases, increased $9.3 billion or 1.9 percent to $508.2 billion, the US Census Bureau reported today. This followed a 0.3 percent February decrease.
Shipments, up two consecutive months, increased $3.7 billion or 0.7 percent to $509.7 billion. This followed a 0.5 percent February increase.
Unfilled orders, up two of the last three months, increased $2.7 billion or 0.2 percent to $1,181.2 billion. This followed a 0.2 percent February decrease. The unfilled orders‐to‐shipments ratio was 6.56, unchanged from February.
Inventories, up 28 of the last 29 months, increased $2.8 billion or 0.4 percent to $690.9 billion. This followed a 0.3 percent February increase. The inventories‐to‐shipments ratio was 1.36, unchanged from February.