US-Manufactured Goods Orders Post Slight Decline in February

Source: US Census Bureau

Orders for manufactured goods made in the United States declined in February, following nine straight months of growth. QQQ is up 0.32%, while SPY is up 0.94%.

• New orders for the month stood at $542.0 billion in February, down by $2.7 billion or 0.5%.
• The latest figure follows the $544.7 billion orders recorded in January when it climbed by 1.5%.
• Shipments increased by $3.1 billion or 0.6% to $541.0 billion, with growth recorded in 21 of the last 22 months.
• Unfilled orders jumped for the 13th straight months to $1.288 trillion, up by $5.4 billion or 0.4% after the 0.9% jump in January. 
• The unfilled orders-to-shipments ratio stood at 6.74, marking a slight increase from 67.2 in January.
• Inventories jumped by $5.0 billion or 0.6% to $785.3 billion, while inventories-to-shipments ratio was unchanged at 1.45.