February U.S. Factory Orders Up 1.4%, Snapping Slide - Modern Distribution Management

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February U.S. Factory Orders Up 1.4%, Snapping Slide

It was a solid rebound from a 3.8% decline in January.

U.S. Census Bureau data released April 2 showed that new orders for manufactured goods increased 1.4% month-to-month during February to $576.8 billion, snapping a two-month slide. January orders fell a revised 3.8% (3.6% in initial report) and December’s were down 0.3%.

The February gain topped the 1% increase expected by economists surveyed by the Wall Street Journal.

The report noted that February durable goods orders increased 1.2% month-to-month, trailing the 1.4% from the Bureau’s advance report a week earlier.

Shipments — also up following two straight decreases — improved 1.4% in February to $581.6 billion, following a 0.8% decrease in January.

Unfilled orders — up 11 of the past 12 months — were virtually unchanged with a $0.1 million increase to $1.392.8 billion, following a likewise flat January.

February’s unfilled orders-to-shipments ratio was 7.10, down from January’s 7.17.

Inventories — up after two straight monthly decreases — improved $2.3 billion or 0.3% to $857.7 billion, following a 0.1% January dip.

February’s inventories-to-shipments ratio was 1.47, down from January’s 1.50.

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