Keeping you up to date on the latest data releases.
New orders for manufactured goods increased at a nonannualized rate of 1.6 percent in February, following a decrease of 1.0 percent in January. Orders for nondurable goods grew 1.0 percent, while orders for durable goods grew 2.2 percent. Since February of 2013, orders for manufactured goods have increased 0.1 percent. After excluding transportation, new orders increased 0.7 percent in February. New orders for nondefense capital goods excluding aircraft fell 1.4 percent in February, following an increase of 0.8 percent in January and a 1.6 percent decrease in December. On a year-over-year basis, orders for nondefense capital goods excluding aircraft are flat.
Shipments of manufactured goods increased 0.9 percent in February. Unfilled orders increased 0.3 percent and inventories increased 0.8 percent for the month. The unfilled orders-to-shipments ratio remained at 6.5, and the inventory-to-shipment ratio remained at 1.3, roughly where it has been since late 2009.