Kemal Yildirim
February Factory Orders: +1.4% to $576.8B vs. +1.0% consensus and -3.8% in January (revised from -3.6%).
Shipments of manufactured durable goods in February, up following two consecutive monthly decreases, increased $3.3 billion or 1.2 percent to $282.6 billion.
Unfilled orders for manufactured durable goods in February, up eleven of the last twelve months, increased $0.1 billion or virtually unchanged to $1,392.8 billion.
Inventories of manufactured durable goods in February, up seven consecutive months, increased $1.7 billion or 0.3 percent to $528.7 billion, unchanged from the previously published increase, the U.S. Census Bureau said. The inventories-to-shipments ratio was 1.47, down from 1.49 in January.