New orders for manufactured goods increased 0.2% to $478.2 billion in March, according to the U.S. Census Bureau. The March reading followed a 1.2% February increase.
New orders for manufactured durable goods rose 0.9% to $239.4 billion, the third consecutive month of growth. Orders for transportation equipment drove the increase, rising 2.6% to $83.6 billion.
Shipments of manufactured durable goods increased 0.3% to $240.1 billion. This was the third consecutive month of marginal growth.
Inventories of manufactured durable goods increased 0.2% to $386.0 billion.
Read the Census release.