Keeping you up to date on the latest data releases.
- Factory Orders
New orders for manufactured goods dropped 0.1 percent (nonannualized) in February, reversing the 3.3 percent gain in January. Year-over-year new order growth dipped to 9.3 percent from 9.9 percent in January. Durable goods orders contracted 0.6 percent over the month, largely driven by transportation equipment (aircraft materials in particular), primary metals and machinery. Excluding transportation equipment, durable goods orders actually rose 0.1 percent. On a similar note, nondurable orders inched up 0.3 percent. Manufacturers’ inventories expanded 0.8 percent while shipments increased by 0.3 percent. Unfilled shipments increased 0.5 percent and are up 4.5 percent since last February.