05262020Tue
Last updateTue, 26 May 2020 2pm

Manufacturing & The Economy

U.S. Factory Orders Down 10.3% in March

New orders for manufactured goods in March, down four of the last five months, decreased a record $51.0 billion or 10.3% to $445.8 billion, the U.S. Department of Commerce reported.

New orders for manufactured durable goods in March, down following three consecutive monthly increases, decreased $36.6 billion, or 14.7%, to $212.6 billion. This followed a 1.1% February increase.

Shipments of manufactured durable goods in March, down eight of the last nine months, decreased $11.8 billion or 4.7% to $240.4 billion. This followed a 0.8% February increase. 

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