New orders, shipments, unfulfilled orders and inventories all declined in March, the Census Bureau reported today.
Here are the numbers:
- New orders decreased 0.8 percent – after increasing in Feb.
- Shipments decreased 1.5 percent – down 8 consecutive months
- Unfilled orders fell 1.5 percent – down 6 consecutive months
- Inventories of manufactured durable goods fell 1.3 percent – down 3 consecutive months
In contrast, inventories of manufactured nondurable goods increased 0.2 percent, with petroleum and coal products driving the increase.
May 1, 2009