Arab Today, arab today us factory orders fell in march
Last Updated : GMT 21:25:08
Arab Today, arab today
Arab Today, arab today

US factory orders fell in March

Arab Today, arab today

Arab Today, arab today US factory orders fell in March

Washington - UPI

Factory orders for U.S. manufactured goods dropped 4 percent in March, falling from an 11-year high, the Commerce Department said Friday. Fresh orders in March fell by $19.5 billion to $467.3 billion, the department\'s U.S. Census Bureau News said. In the prior month, fresh business for factories was at the highest level since it adopted new accounting methods in 1992. A lack of orders for big-ticket transportation items -- trucks, ships and airplanes -- pushed the decline. Transportation orders fell by $11.1 billion or 15.1 percent to $62.5 billion. New orders excluding transportation dropped 2 percent in March. Inventories rose for the fourth consecutive month, climbing by $200 million to $620.2 billion in March, enough to push the category to an 11-year high. With shipments down by $5 billion or 1 percent to $481.8 billion, the inventories-to-shipment ratio rose to 1.29 from 1.27 in February. New orders for durable goods -- including appliances, televisions, electronics, computers and cars -- down for two of the past three months, fell by 5.8 percent to $216 billion. New orders for non-durable items dropped by 2.4 percent to $251.3 billion, the department said.

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