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Market Update : 
Factory Orders Jump 4.2% in March
Author: 123jump.com Staff
123jump.com
Last Update: 10:18 AM EDT May 03 2006



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New orders for manufactured goods in March, up five of the last six months, increased $17.0 billion or 4.2 percent to $419.6 billion, the U.S. Census Bureau reported today. This was at the highest level since the series was first stated on a NAICS basis in 1992 and followed a 0.4 percent February increase. Shipments, up five of the last six months, increased $3.4 billion or 0.8 percent to $408.0 billion.

 
The following is the unedited transcript of the news release from the U.S. Census Bureau of the Department of Commerce.

Summary
This followed a 1.2 percent February decrease. Unfilled orders, up ten of the last eleven months, increased $18.9 billion or 2.9 percent to $662.6 billion. This was at the highest level since the series began and followed a 1.1 percent February increase. The unfilled orders-to-shipments ratio was 4.39, up from 4.30 in February. Inventories, up six of the last seven months, increased $3.5 billion or 0.7 percent to $477.1 billion. This followed a 0.4 percent February decrease. The inventories-to-shipments ratio was 1.17, unchanged from February.
New Orders
New orders for manufactured durable goods in March, up five of the last six months, increased $14.2 billion or 6.5 percent to $231.8 billion, revised from the previously published 6.1 percent increase. This was at the highest level since the series began and followed a 3.5 percent February increase.New orders for manufactured nondurable goods increased $2.8 billion or 1.5 percent to $187.8 billion.
Shipments
Shipments of manufactured durable goods in March, up five of the last six months, increased $0.6 billion or 0.3 percent to $220.3 billion, unchanged from the previously published increase. This followed a 0.6 percent February increase.
Shipments of manufactured nondurable goods, up five of the last six months, increased $2.8 billion or 1.5 percent to $187.8 billion. This increase was led by petroleum and coal products, which increased $2.4 billion or 7.1 percent to $36.1 billion.
Unfilled Orders
Unfilled orders for manufactured durable goods in March, up ten of the last eleven months, increased $18.9 billion or 2.9 percent to $662.6 billion, revised from the previously published 2.8 percent increase. This was at the highest level since the series began and followed a 1.1 percent February increase.
Inventories
Inventories of manufactured durable goods in March, up six of the last seven months, increased $2.6 billion or 0.9 percent to $290.1 billion, revised from the previously published 0.7 percent increase. This followed a 0.4 percent February decrease.
Inventories of manufactured nondurable goods, up three of the last four months, increased $0.8 billion or 0.4 percent to $187.1 billion. This increase was led by chemical products, which increased $0.6 billion or 1.1 percent to $56.9 billion.
By stage of fabrication, March materials and supplies increased 1.2 percent in durable goods and 0.2 percent in nondurable goods. Work in process increased 1.3 percent in durable goods and decreased 0.1 percent in nondurable goods. Finished goods increased 0.2 percent in durable goods and 0.7 percent in nondurable goods.

Available at :
http://www.census.gov/indicator/www/m3/index.htm
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