New orders for US manufactured durable goods increased 2.2% in February from January to US$229.4B, 0.2% excluding transportation: Dept. of Commerce

WASHINGTON , March 26, 2014 (press release) – New Orders. New orders for manufactured durable goods in February increased $5.0 billion or 2.2 percent to $229.4 billion, the U.S. Census Bureau announced today. This increase, up following two consecutive monthly decreases, followed a 1.3 percent January decrease. Excluding transportation, new orders increased 0.2 percent. Excluding defense, new orders increased 1.8 percent. Transportation equipment, also up following two consecutive monthly decreases, led the increase, $4.6 billion or 6.9 percent to $71.4 billion. This was led by nondefense aircraft and parts, which increased $1.8 billion.

Shipments. Shipments of manufactured durable goods in February, up following two consecutive monthly decreases, increased $2.0 billion or 0.9 percent to $234.0 billion. This followed a 0.6 percent January decrease. Transportation equipment, also up following two consecutive monthly decreases, led the increase, $0.9 billion or 1.3 percent to $68.6 billion.

Unfilled Orders. Unfilled orders for manufactured durable goods in February, up twelve of the last thirteen months, increased $2.9 billion or 0.3 percent to $1,062.6 billion. This was at the highest level since the series was first published on a NAICS basis in 1992, and followed a slight January increase. Transportation equipment, up five of the last six months, led the increase, $2.8 billion or 0.4 percent to $659.6 billion.

Inventories. Inventories of manufactured durable goods in February, up ten of the last eleven months, increased $3.2 billion or 0.8 percent to $392.3 billion. This was at the highest level since the series was first published on a NAICS basis, and followed a 0.3 percent January increase. Transportation equipment, up twenty-one of the last twenty-two months, led the increase, $1.9 billion or 1.5 percent to $125.0 billion.

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