LONGVIEW – March 2013 new orders for manufactured durable goods decreased 4.0 percent, to $467.3 billion. Shipments fell 1.0 percent, to $481.8 billion. Unfilled orders decreased 0.7 percent, to $990.1 billion. Inventories were virtually unchanged, at $620.2 billion.
Manufacturers' Shipments, Inventories, and Orders (M3), also known as “factory orders,” is a monthly report derived from data furnished by the U.S. Census Bureau of broad statistics on the economic conditions in the domestic manufacturing sector.
It comprises the dollar level of new orders for manufactured durable goods (products with an expected life of at least three years) and nondurable goods. It serves as a measurement of the current industrial activity and provides an indication of future business trends. Businesses and investors rely upon economic indicators to make daily decisions. It’s important to put these decisions into a global context. For more information about personal finance, contact Bryant Wealth Management, Inc.
Chris Bryant, MBA, RFC® is founder & CEO of Bryant Wealth Management, Inc., a Washington-State Registered Investment Adviser. Bryant provides independent, fee-only, financial planning services, investment supervisory services, and educational resources for individuals and small businesses. Chris is an award-winning speaker and the author of Personal Financial Planning. Since 1999, Chris has devoted his professional practice to helping people make money, save money, protect money, have convenience, and peace of mind. Connect with Chris.
Chris Bryant is an American financial advisor.