April 4, 2018

February 2018 Manufacturers’ Orders and Shipments: Every Major Category Is Up by Over 7 Percent Year-Over-Year

Filed under: Economy,Taxes & Government — Tom @ 10:30 am

From the Census Bureau:

Summary
New orders for manufactured goods in February, up six of the last seven months, increased $6.0 billion or 1.2 percent to $498.0 billion, the U.S. Census Bureau reported today. This followed a 1.3 percent January decrease. Shipments, up fourteen of the last fifteen months, increased $1.0 billion or 0.2 percent to $500.5 billion. This followed a 0.7 percent January increase. Unfilled orders, up five of the last six months, increased $1.9 billion or 0.2 percent to $1,142.8 billion. This followed a 0.3 percent January decrease. The unfilled orders-to-shipments ratio was 6.49, down from 6.52 in January. Inventories, up fifteen of the last sixteen months, increased $2.3 billion or 0.3 percent to $675.2 billion. This followed a 0.4 percent January increase. The inventories-to-shipments ratio was 1.35, unchanged from January.

New Orders
New orders for manufactured durable goods in February, up three of the last four months, increased $7.2 billion or 3.0 percent to $247.3 billion …

Shipments
Shipments of manufactured durable goods in February, up nine of the last ten months, increased $2.2 billion or 0.9 percent to $249.8 billion, unchanged from the previously published increase.

Here are the raw results for new orders and shipments in major manufacturing categories for the first two months of 2018 compared to 2017 found in today’s release:

ShipmentsAndNewOrdersThru0218vs.0217

There’s a term for year-over-year percentage increases as large as those seen in the red boxes: “On Fire.”

Share

No Comments

No comments yet.

RSS feed for comments on this post.

Sorry, the comment form is closed at this time.