The 2020 Mid-Year Economic Update_long

New Orders for Manufactured Goods Up 2.1% in March

Transportation equipment up 13.5 percent.

New orders for manufactured goods in March, up following seven consecutive monthly decreases, increased $9.6 billion or 2.1 percent to $476.5 billion, according to the U.S. Census Bureau. This followed a 0.1 percent February decrease.

Shipments, up two consecutive months, increased $2.3 billion or 0.5 percent to $482.2 billion. This followed a 0.4 percent February increase.

Unfilled orders, up following three consecutive monthly decreases, increased $1 billion or 0.1 percent to $1,157.3 billion. This followed a 0.5 percent February decrease. The unfilled orders-to-shipments ratio was 6.67, down from 6.70 in February.

Inventories, down three of the last four months, decreased $1.1 billion or 0.2 percent to $649.1 billion. This followed a $0.2 billion, or virtually unchanged, February increase. The inventories-to-shipments ratio was 1.35, unchanged from February.

New orders for manufactured durable goods in March, up two of the last three months, increased $10.2 billion or 4.4 percent to $241.2 billion, up from the previously published 4 percent increase. This followed a 1.4 percent February decrease.

Transportation equipment, also up two of the last three months, led the increase, $9.5 billion or 13.5 percent to $80.4 billion.

New orders for manufactured nondurable goods decreased $0.6 billion or 0.3 percent to $235.3 billion.

By stage of fabrication, March materials and supplies increased 0.3 percent in durable goods and decreased 0.8 percent in nondurable goods. Work in process increased 0.1 percent in durable goods and decreased 1.1 percent in nondurable goods. Finished goods decreased 0.3 percent in durable goods and decreased 0.3 percent in nondurable goods.

For the full report, download the PDF below.

Click Here

About the Author
Leave a Reply

Leave a Comment

Sign Up for the MDM Update Newsletter

The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.

By subscribing, you are agreeing to MDM’s Privacy Policy.

2

articles left

Want more Premium content from MDM?

Subscribe today and get:

  • New issues twice each month
  • Unlimited access to mdm.com, including 10+ years of archived data
  • Current trends analysis, market data and economic updates
  • Discounts on select store products and events

0

articles left

This is your last free article

Subscribe to MDM Premium today and get:

  • Unlimited access to MDM.com
  • 1 year digital subscription, with new issues twice a month
  • Trends analysis, market data and quarterly economic updates
  • Deals on select store products and events

1

article
left

You have one free article remaining

Subscribe to MDM Premium to get unlimited access. Your subscription includes:

  • Two new issues a month
  • Access to 10+ years of archived data on mdm.com
  • Quarterly economic updates, trends analysis and market data
  • Store and event discounts

To continue reading, you must be an MDM Premium subscriber.