New Orders for Durable Goods Dropped 0.9 percent in February
03/24/2011
The machinery sector saw the largest drop, of 4.2 percent, or $1.2 billion, for a total value of $26.6 billion. But machinery also had the largest increase in shipments in February among manufacturing sectors, rising 2.6 percent to $26.1 billion.
Inventories rose by 0.9 percent, or $2.9 billion, to $328.3 billion. Transportation equipment had the largest inventory increase among manufacturing sectors, rising 0.9 percent, or $0.8 billion, to $87.8 billion.
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