Factory Orders Slid In March
May 2, 2012 by UPI - United Press International, Inc.
WASHINGTON (UPI) — U.S. factory orders dropped 1.5 percent from February to March, but held up with transportation orders excluded, the U.S. Census Bureau reported Wednesday.
Factory orders fell by $7.1 billion to $460.6 billion, dropping slightly less than the 1.6 percent drop economists had predicted.
Excluding transportation, new orders rose slightly, as orders for transportation equipment, down two of the past three months, led the declines with a 12.6 percent drop to $49.6 billion.
Orders for non-durable goods rose 0.5 percent or by $1.4 billion to $257.4 billion.
After a 0.3 percent drop in February, shipments of durable goods rose 0.9 percent, or by $2 billion, to $208.8 billion.
Shipments of durable goods are now up three of the past four months.
Unfilled orders, up 23 of the past 24 months, rose 0.5 percent to $930.6 billion revised from a previously published slight increase. In February, unfilled orders rose 1.2 percent.
Under unfilled orders, computers and electronic goods had the largest increase, up $600 million or 0.5 percent to $125.4 billion.
Inventories, up 27 consecutive months, rose 0.5 percent or by $1.8 billion to $375.1 billion.