US factory orders up by 0.6% in February - Breaking The News

US factory orders up by 0.6% in February

2 April

1 min read

EPA/LARRY W. SMITH

New orders for manufactured goods in the United States saw a monthly rise of 0.6% or $3.6 billion to land at $594.0 billion in February, the US Census Bureau said in its report published on Wednesday. The figure slightly surpassed analysts' expectations.

Shipments climbed by 0.7% month-on-month to reach $596.1 billion, while unfilled orders were up by 0.1% to stand at $1,400.7 billion. Inventories increased by 0.1% or $1.3 billion to $864.9 billion. The inventories-to-shipments ratio stood at 1.45, down from January's.

factory orders data

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