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US factory orders unchanged in February
Factory orders in the United States remained stable in February at $619.6 billion, the Census Bureau said in a report on Friday. New orders for durable goods fell by 1.3% from January to $315.9 billion, while nondurable goods orders added 1.5% to $303.7 billion. Shipments increased by 1.4% to $623.2 billion, and unfilled orders grew by 0.1% to $1,539.4 billion, with the unfilled orders-to-shipments ratio of 6.92, down 0.07 points from January. Inventories increased 0.1% to $950.5 billion and the inventories-to-shipments ratio declined by 0.02 points to 1.53.
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