Manufacturing & The Economy
New orders for manufactured goods in March, down two of the last three months, decreased $19.5 billion or 4.0% to $467.3 billion, the U.S. Census Bureau reported Friday. This followed a 1.9% February increase. Excluding transportation, new orders decreased 2.0%. Inventories, up four consecutive months, increased $0.2 billion to $620.2 billion. This was at the highest level since the series was first published on a NAICS basis in 1992, and followed a 0.2% February increase. The inventories-to-shipments ratio was 1.29, up from 1.27 in February.