New orders for manufactured goods in February, up three of the last four months, increased $0.3 billion or virtually unchanged to $619.6 billion, the U.S. Census Bureau reported today. This followed a virtually unchanged January increase. Shipments, up four of the last five months, increased $8.8 billion or 1.4 percent to $623.2 billion. This followed a 0.7 percent January increase. Unfilled orders, up nineteen of the last twenty months, increased $1.4 billion or 0.1 percent to $1,539.4 billion. This followed a 0.6 percent January increase. The unfilled orders-to-shipments ratio was 6.92, down from 6.99 in January. Inventories, up five consecutive months, increased $0.9 billion or 0.1 percent to $950.5 billion. This followed a 0.1 percent January increase. The inventories-to-shipments ratio was 1.53, down from 1.55 in January.
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