Manufactured Goods Orders Rose in January

New orders for manufactured goods increased 1.2% to $470.2 billion in January, according to the U.S. Census Bureau. The January reading followed a 1.3% December increase.

New orders for manufactured durable goods jumped 2.0% to $230.7 billion, after decreasing for two consecutive months. Orders for transportation equipment drove the increase, rising 6.2% to $76.5 billion.

Shipments of manufactured durable goods were virtually unchanged, holding at $238.8 billion. This followed a 1.7% December increase.

Inventories of manufactured durable goods decreased 0.1% to $384.1 billion.

Read the Census release.