New orders for manufactured durable goods increased for the third consecutive month in February, while shipments declined for the second month in a row, according to the latest advance report from the U.S. Census Bureau. Unfilled orders and inventories increased for the second consecutive month.
New orders for manufactured durable goods in February increased $900 million or 0.5 percent to $178.1 billion, the Census Bureau said. This followed a 3.9 percent January increase.
New orders for transportation products and for defense declined, but machinery, up three of the last four months, had the largest increase, $1.1 billion or 4.7 percent to $23.3 billion.
Shipments of manufactured durable goods in February decreased $1 billion or 0.6 percent to $179.8 billion, following a 0.1 percent January decrease. Transportation equipment, also down two consecutive months, had the largest decrease, $1.5 billion or 3.4 percent to $43.8 billion.
Unfilled orders for manufactured durable goods in February, up two consecutive months, increased $2.9 billion or 0.4 percent to $722.1 billion. Inventories of manufactured durable goods in February, up two consecutive months, increased $1 billion or 0.3 percent to $303.9 billion.
Nondefense new orders for capital goods in February increased $3 billion or 5.2 percent to $60.4 billion. Shipments increased $200 million or 0.3 percent to $57.3 billion. Unfilled orders increased $3.1 billion or 0.7 percent to $412.3 billion. Inventories increased $0.2 billion or 0.2 percent to $132.3 billion.
Defense new orders for capital goods in February decreased $500 million or 4.5 percent to $10.7 billion. Shipments decreased $0.5 billion or 4.6 percent to $10.8 billion. Unfilled orders decreased $100 million or 0.1 percent to $132.5 billion. Inventories increased $400 million or 1.7 percent to $20.9 billion.
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