Petroleum products shipments decrease in Feb

03 Apr '08

3 min read

U.S. Census Bureau announces Full Report on Manufacturers' Shipments, Inventories and Orders February 2008.

Summary:
New orders for manufactured goods in February, down two consecutive months, decreased $5.7 billion or 1.3 percent to $424.4 billion, the U.S. Census Bureau reported. This followed a 2.3 percent January decrease.

Shipments, down two of the last three months, decreased $9.0 billion or 2.1 percent to $423.0 billion. This followed a 1.1 percent January increase. Unfilled orders, up thirty-three of the last thirty-four months, increased $7.5 billion or 0.9 percent to $822.4 billion.

This was also at the highest level since the series was first stated on a NAICS basis in 1992 and followed a 0.8 percent January increase. The unfilled orders-toshipments ratio was 5.50, up from 5.38 in January.

Inventories, up twelve of the last thirteen months, increased $2.8 billion or 0.5 percent to $538.4 billion. This was also at the highest level since the series was first stated on a NAICS basis in 1992 and followed a 1.3 percent January increase. The inventories-to-shipments ratio was 1.27, up from 1.24 in January.

New Orders:
New orders for manufactured durable goods in February, down two consecutive months, decreased $2.5 billion or 1.1 percent to $212.3 billion, revised from the previously published 1.7 percent decrease. This followed a 4.4 percent January decrease.

Machinery, down following two consecutive monthly increases, had the largest decrease, $3.8 billion or 12.3 percent to $27.4 billion. New orders for manufactured nondurable goods decreased $3.2 billion or 1.5 percent to $212.1 billion.

Shipments:
Shipments of manufactured durable goods in February, down three of the last four months, decreased $5.8 billion or 2.7 percent to $210.8 billion, revised from the previously published 2.8 percent decrease.

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