MISS: February Factory Orders Rise Just 1.3%

ORIGINAL POST: Next big datapoint: February factory are expected to grow 1.5% up from a decline of 1.0% last month.

We’ll have the numbers here LIVE at 10:00.

UPDATE: The numbers are a bit weak. More to come…

The increase was only 1.3%.

Ex-autos, the number only rose 0.9%.

This is from the announcement:

New orders for manufactured goods in February, up three of the last four months, increased $6.0 billion or 1.3 per cent to $468.4 billion, the U.S. Census Bureau reported today. This followed a 1.1 per cent January decrease. Excluding transportation, new orders increased 0.9 per cent.

Shipments, up nine consecutive months, increased $0.3 billion or 0.1 per cent to $462.6 billion. This followed a 0.6 per cent January increase.

Unfilled orders, up 20-two of the last 20-three months, increased $12.1 billion or 1.3 per cent to $931.1 billion. This followed a 0.7 per cent January increase. The unfilled orders-to-shipments ratio was 6.23, up from 6.12 in January.

Inventories, up 20-eight of the last 20-nine months, increased $2.2 billion or 0.4 per cent to $616.8 billion. This was at the highest level since the series was first published on a NAICS basis in 1992 and followed a 0.6 per cent January increase. The inventories-to- shipments ratio was 1.33, unchanged from January.

More to come…

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