US factory orders for February -0.8% versus -0.5% estimate

US factory orders for February 2021

US factory orders for February
  • Factory orders -0.8% versus -0.5% estimate. Prior month 2.7% versus 2.6% previously reported
  • Factory orders ex transportation -0.6% versus -1.1%. Prior month 1.8% versus 1.7% previously reported
  • Durable goods orders -1.2% versus -1.1% preliminary (Prior report -1.1% CLICK HERE)
  • Durable goods Ex transportation -0.9% versus -0.9% estimate
  • Capital goods orders nondefense ex air -0.9% versus -0.8% last
  • Capital goods shipments nondefense ex air -1.1% versus -1.0% last
  • Shipments decreased -2.0 percent. This followed a 1.8 percent January
    increase. 
  • Unfilled orders, up two consecutive months, increased 0.8 percent. This followed a 0.2 percent January increase. 
  • The unfilled orders-to-shipments ratio was 6.29, up
    from 6.11 in January. 
  • Inventories, up six of the last seven months, increased 0.8 percent. This followed a 0.2 percent January increase. 
  • The inventories-to-shipments ratio was 1.40,
    up from 1.36 in January.

 The decline in factory orders for February was the first negative since April 2020.  The durable goods decline of -1.2% was also the first negative since April 2020 and came after a 3.6% gain in January.  The numbers are negative, but they are the first declines in a number of months.  

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