Highlights From The Advance Report On Durable Goods Manufacturers
Press release from the issuing company
April 25, 2003 - (Editor's Note: Premium Access Members at WhatTheyThink.com can view the complete analysis of this report and other economic news from Dr. Joe Webb.)
NEW ORDERS for manufactured durable goods in March increased $3.4 billion or 2.0 percent to $173.6 billion, the Department of Commerce, U.S. Census Bureau reported today. This followed a 1.5 percent February decrease. Excluding transportation, new orders increased 1.8 percent. Excluding defense, new orders increased 1.3 percent.
SHIPMENTS of manufactured durable goods in March increased $1.8 billion or 1.0 percent to $172.1 billion. This followed a 2.1 percent February decrease.
UNFILLED ORDERS for manufactured durable goods in March, following six
consecutive monthly decreases, increased $1.5 billion or 0.3 percent to $477.6 billion. This followed a $0.1 billion February decrease.
INVENTORIES of manufactured durable goods in March increased $0.1 billion to $264.9 billion, following a slight decrease in February.
Capital Goods Industries
New orders in March, at the highest level since October 2001, increased $1.5 billion or 16.1 percent to $10.8 billion.
New orders in March increased $1.0 billion or 1.8 percent to $55.0 billion.
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