New orders for manufactured goods rose in March following seven consecutive monthly decreases, said the U.S. Department of Commerce. Manufactured goods in March increased $9.6 billion, or 2.1%, to $476.5 billion, following a 0.1% February decrease. New orders for manufactured durable goods (those items lasting longer than three years), up two of the last three months, increased $10.2 billion, or 4.4%, to $241.2 billion, up from the previously published 4.0% increase. This followed a 1.4% February decrease.
Transportation equipment, also up two of the last three months, led the increase, at $9.5 billion, or 13.5%, to $80.4 billion. New orders for manufactured nondurable goods decreased $0.6 billion, or 0.3%, to $235.3 billion.
Shipments, up for two consecutive months, increased $2.3 billion, or 0.5%, to $482.2 billion. This followed a 0.4% February increase. Shipments of manufactured durable goods in March, up following two consecutive monthly decreases, increased $2.9 billion, or 1.2%, to $246.9 billion, up from the previously published 1.1% increase. This followed a 0.2% February decrease. Transportation equipment, up three of the last four months, drove this increase: $3.5 billion, or 4.6%, to $78.3 billion.