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New Orders for Manufactured Goods Decline in February

New orders for made long lasting products in February reduced $6.0 billion or 2.2% to $271.5 billion, the U.S. Census Bureau revealed today. This decline, following 4 successive month-to-month boost, followed a 1.6% January boost. Excluding transport, brand-new orders reduced 2.7%. Excluding defense, brand-new orders reduced 2.7%.

Shipments of made long lasting products in February, down following 5 successive month-to-month boost, reduced $0.1 billion to an overall of $270.6 billion. This followed a 1.3% January boost. Machinery, down following 3 successive month-to-month boost, drove the decline, reducing $0.5 billion or 1.4% to $38.5 billion.

Inventories of made long lasting products in February, up thirteen successive months, increased $2.0 billion or 0.4% to $478.5 billion.

Read the Census release.

Gabriel

A news media journalist always on the go, I've been published in major publications including VICE, The Atlantic, and TIME.

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