Factory orders down in March
May 3, 2013
New orders for manufactured goods dropped 4% in March following a 1.9% increase in February, according to the U.S. Census Bureau. A large part of the drop resulted from lower civilian aircraft orders. Excluding transportation equipment, new orders fell 2.0%. New orders for manufactured durable goods were down 5.8%, a slightly bigger drop than reported in the Census Bureau’s advance estimates.
Shipments were down 1.0% in March. Unfilled orders dipped 0.7%, and inventories were nearly flat.
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