The U.S. Census Bureau and the U.S. Bureau of Economic Analysis has announced that the goods and services deficit was $39.9 billion in February, down $5.5 billion from $45.5 billion in January, revised.
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The New Orders Index registered 42.2%, a decrease of 7.6%s from the February reading of 49.8%.
The GDP estimate is based on more complete source data than were available for the second estimate issued last month. In the second estimate, the increase in real GDP was also 2.1%.
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Two of the four broad categories of indicators that make up the index increased from January, and three of the four categories made positive contributions to the index in February. The indexs three-month moving average, CFNAI-MA3, decreased to 0.21 in February from 0.11 in January.
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The January decrease in the goods and services deficit reflected a decrease in the goods deficit of $2.6 billion to $67.0 billion and an increase in the services surplus of $0.6 billion to $21.7 billion.
Manufacturing employment changed little during the month.
The average annualized sales growth for the 12 months through January 2019 is 5.5%.
The overall economy grew for the 130th consecutive month, say the nation's supply executives in the latest Manufacturing ISM Report On Business.
Current dollar GDP increased 3.5% in the fourth quarter.
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Wholesale revenues, inventories and ratios from December 2019.
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The unemployment rate was 3.6%, according to the U.S. Bureau of Labor Statistics.
Year-to-date, the goods and services deficit decreased 1.7%.
Purchases by member companies from AD supplier partners were up 9% from 2018.
The average annual sales growth for the 12 months through December 2019 is 5.3%.
The New Orders Index registered 52%, an increase of 4.4%.
