New orders for manufactured durable goods in March decreased $8.8 billion or 4.2% to $202.6 billion, the U.S. Census Bureau announced in its advance report. This decrease, down two of the last three months, followed a 1.9% February increase. Excluding transportation, new orders decreased 1.1%. Excluding defense, new orders decreased 4.6%.
Transportation equipment, also down two of the last three months, had the largest decrease, $7.1 billion or 12.5% to $49.7 billion. This was due to nondefense aircraft and parts, which decreased $7.7 billion.
Shipments of manufactured durable goods in March, up three of the last four months, increased $2.0 billion or 1.0% to $208.8 billion. This followed a 0.3% February decrease. Machinery, up four of the last five months, had the largest increase, $2.0 billion or 6.5% to $32.9 billion.
Unfilled orders for manufactured durable goods in March, up 23 of the last 24 months, increased slightly to $930.1 billion. This followed a 1.2% February increase. Computers and electronic equipment, up three consecutive months, had the largest increase, $0.7 billion or 0.6% to $125.6 billion.
To read the full advance report news release click here.
Like this story? Begin each business day with news you need to know! Click here to register now for our FREE Daily E-News Broadcast and start YOUR day informed!
No tags available