Manufacturing & The Economy
New orders for manufactured durable goods in March decreased $13.1 billion or 5.7% to $216.3 billion the U.S. Census Bureau announced today, nearly twice what economists had predicted. This decrease, down two of the last three months, followed a 4.3% February increase. Excluding transportation, new orders decreased 1.4%. Excluding defense, new orders decreased 4.7%.
Shipments of manufactured durable goods in March, up six of the last seven months, increased $1.0 billion or 0.4% to $230.0 billion. Inventories of manufactured durable goods in March, up seventeen of the last eighteen months, increased $0.3 billion or 0.1% to $377.2 billion.