Here’s How Manufactured Goods Rose Five Months in a Row

New orders for Manufactured Goods continued to roll during March for the fifth consecutive month.

Here’s your Cheat Sheet to the economic data:

New Orders. New orders for manufactured durable goods in March, up three consecutive months, increased $5.9 billion or 2.9 percent to $209.5 billion, revised from the previously published 2.5 percent increase. This followed a 0.8 percent February increase. Transportation equipment, also up three consecutive months, had the largest increase, $3.2 billion or 6.2 percent to $54.9 billion. New orders for manufactured nondurable goods increased $7.6 billion or 3.1 percent to $253.4 billion.

Shipments. Shipments of manufactured durable goods in March, up five consecutive months, increased $4.4 billion or 2.1 percent to $208.1 billion, revised from the previously published 1.8 percent increase. This followed a 0.6 percent February increase.

Transportation equipment, up four consecutive months, had the largest increase, $1.7 billion or 3.4 percent to $51.1 billion.

Shipments of manufactured nondurable goods, up eight consecutive months, increased $7.6 billion or 3.1 percent to $253.4 billion. This followed a 0.5 percent February increase. Petroleum and coal products, up seven of the last eight months, led the increase, up $5.4 billion or 7.8 percent to $74.5 billion. This followed a 0.4 percent February decrease.

Unfilled Orders. Unfilled orders for manufactured durable goods in March, up eleven of the last twelve months, increased $7.0 billion or 0.8 percent to $844.0 billion, unchanged from the previously published increase. This followed a 0.7 percent February increase.

Transportation equipment, up three consecutive months, had the largest increase, $3.7 billion or 0.8 percent to $482.1 billion.

Inventories. Inventories of manufactured durable goods in March, up fifteen consecutive months, increased $4.5 billion or 1.4 percent to $334.3 billion, revised from the previously published 1.3 percent increase. This followed a 1.3 percent February increase.

Transportation equipment, also up fifteen consecutive months, had the largest increase, $1.7 billion or 1.9 percent to $89.8 billion.

Inventories of manufactured nondurable goods, up seven consecutive months, increased $1.8 billion or 0.8 percent to $238.1 billion. This followed a 0.6 percent February increase.

Petroleum and coal products, also up seven consecutive months, led the increase, up $1.2 billion or 2.2 percent to $55.1 billion.

By stage of fabrication, March materials and supplies increased 0.6 percent in durable goods and 0.3 percent in nondurable goods. Work in process increased 2.4 percent in durable goods and 0.2 percent in nondurable goods. Finished goods increased 1.0 percent in durable goods and 1.3 percent in nondurable goods.

Manufactured Goods Definition: The Manufacturers’ Shipments, Inventories, and Orders (M3) survey provides broad-based, monthly statistical data on economic conditions in the domestic manufacturing sector. The survey measures current industrial activity and provides an indication of future business trends.