February new orders for manufactured goods increases $0.3 billion
New orders for manufactured goods in February, up three of the last four months, increased $0.3 billion or virtually unchanged to $619.6 billion, the U.S. Census Bureau reported.
This followed a virtually unchanged January increase.
Shipments, up four of the last five months, increased $8.8 billion or 1.4% to $623.2 billion. This followed a 0.7% January increase.
Unfilled orders, up 19 of the last 20 months, increased $1.4 billion or 0.1% to $1,539.4 billion. This followed a 0.6% January increase. The unfilled orders-to-shipments ratio was 6.92, down from 6.99 in January.
Inventories, up five consecutive months, increased $0.9 billion or 0.1% to $950.5 billion. This followed a 0.1% January increase. The inventories-to-shipments ratio was 1.53, down from 1.55 in January.
INDUSTRIAL SUPPLY MAGAZINE
The March/April issue of Industrial Supply magazine features an in-depth cover story about Pack-n-Tape. Plus, we're featuring articles by contributing writers Dr. Bharani Nagarathnam and Frank Hurtte, as well as interviews with numerous product and distribution industry experts.
