New orders for manufactured goods increased 1.0% to $476.5 billion in February, according to the U.S. Census Bureau. The February reading followed a 1.5% January increase.
New orders for manufactured durable goods jumped 1.8% to $236.0 billion, the second consecutive month of growth. Orders for transportation equipment drove the increase, rising 4.4% to $80.5 billion.
Shipments of manufactured durable goods increased 0.3% to $239.4 billion. This followed a virtually unchanged January decrease.
Inventories of manufactured durable goods decreased 0.2% to $385.2 billion.
Read the Census release.