orders increased on the faster pace again, excluding defense booking grew even faster 2.02 %. That category excludes defense and gives a better indication of longer-term trends in the private sector.Orders for U.S.-made products increased in March on the seasonally adjusted basis by 1.95 % to $508 billions, an increase of $9.7 billions from $498 in February, reported by the Commerce Department.
Orders today mean shipments tomorrow, implying that business spending is heading into the next month with decent momentum. Over the past 12 months, new bookings grew by 6.17 % and unfilled orders by 3.06 %.

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Shipments grew in March by 0.46 % to $503 billions, an increase of $2 billions from $501 in February on the seasonally adjusted basis, as shipments for aircrafts and parts grew 16.07 % to $ billions, reported by the Commerce Department. Shipments excluding transportation grew by 0.20 %.

Factory Orders (Picture Autor: Wolfgang Meinhart) licence GNU

Durable Goods New Orders		Primary Metals New Orders		Machinery New Orders		Transp. Equip. New Orders
3.23%	6.60%	3.72%	15.81%	-2.47%	3.16%	9.51%	9.38%
*M/M*	Y/Y	M/M	Y/Y	M/M	Y/Y	M/M	Y/Y

What's more, orders excluding defense and transportation surged by 2.02 % on the seasonally adjusted basis and shipments by 0.61 %.
That closely watched category gives a better read on trends in the private sector because it excludes transportation and government spending on defense.
From March 2017, Excluding defense and transportation jumped by 6.63 % and inventories by 7.53 %.
Inventories increased in March by 0.31 % to $677 billions, an increase of $2 billions from $675 in February on the seasonally adjusted basis, reported by the U.S. Commerce Department. Inventory to shipments ratio fell to 1.35 from 1.35 in the previous month.

Unfilled orders continue to grow by higher rate, unfilled orders increased by 0.96 % on the seasonally adjusted basis, led by 7.03 % growth in household appliances, representing 0.11 % of total unfilled bookings. total factory inventories jumped by 3.06 % for the year.

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New Orders / Shipments Ratio	Inventory / Shipments Ratio
Total New orders / shipments ratio for all manufacturing industries was 1.01. Excluding transportation new orders / shipments ratio was 0.99. Excluding defense new orders / shipments ratio was 1.01 .	Inventory / shipments ratio for all manufacturing industries was 1.35. Excluding transportation Inventory / shipments ratio was 1.30. Excluding defense Inventory / shipments ratio was 1.33.

Factory Shipments (Seasonally Adjusted, in millions $)	March 2018 adv.	Feb. 2018 adv.	Jan. 2018 adv.	Dec. 2017 adv.	Nov. 2017 adv.	Oct. 2017 adv.
All manufacturing industries	502,794	500,514	498,766	495,401	491,177	484,223
Excluding transportation	419,313	418,459	417,300	414,496	409,920	404,990
Excluding defense	490,431	487,469	485,160	482,274	478,090	471,203
With unfilled orders	176,889	176,157	174,607	173,659	172,239	169,909
Durable goods industries	250,353	249,785	247,109	246,493	244,435	242,008
Primary metals	21,698	21,278	20,745	20,704	20,050	19,948
Iron & steel mills	10,226	10,030	9,688	9,608	9,577	9,486
Aluminum & nonferrous metals	10,126	9,911	9,728	9,769	9,163	9,146
Ferrous metal foundries	1,346	1,337	1,329	1,327	1,310	1,316
Fabricated metal products	33,916	34,064	33,680	33,379	32,747	32,720
Machinery	32,724	33,320	32,757	32,688	32,441	32,527
Construction machinery	2,227	2,345	2,231	2,276	2,185	2,111
Mining, oil field, & gas field machinery	1,065	1,119	1,134	1,078	1,076	1,118
Industrial machinery	2,739	2,915	2,934	2,911	2,964	3,007
Photographic equipment	540	552	512	488	478	500
Ventilation, heating, air-conditioning, & refrigeration equipment	3,814	3,827	3,964	3,825	3,789	3,695
Metalworking machinery	3,332	3,469	3,243	3,251	3,109	3,119
Turbines, generators, & other power transmission equipment	4,385	4,189	4,188	4,316	4,396	4,370
Material handling equipment	2,997	3,032	2,947	2,816	2,877	2,874
Computers & electronic products	28,150	28,425	28,197	28,021	27,917	27,706
Computers	630	659	654	624	689	681
Nondefense communications equipment	3,023	3,015	3,051	3,041	2,927	2,866
Defense communications equipment	259	254	247	236	241	251
Semiconductors	-	-	-	-	-	-
Electronic components	4,185	4,298	4,268	4,269	4,219	4,209
Nondefense search & navigation equipment	1,501	1,507	1,528	1,583	1,529	1,471
Defense search & navigation equipment	2,715	2,722	2,855	2,689	2,722	2,661
Electromedical, measuring, & control instruments	9,809	9,698	9,606	9,657	9,546	9,279
Electrical equipment, appliances, & components	10,455	10,465	10,318	10,222	10,159	10,193
Electric lighting equipment	1,039	1,048	1,051	1,045	1,045	1,042
Household appliances	1,489	1,512	1,514	1,547	1,510	1,533
Electrical equipment	2,829	2,791	2,671	2,675	2,673	2,657
Transportation equipment	83,481	82,055	81,466	80,905	81,257	79,233
Motor vehicle bodies, parts, & trailers	28,596	28,853	28,483	28,560	28,179	27,987
Nondefense aircraft & parts	13,389	11,535	11,434	11,295	12,091	10,775
Defense aircraft & parts	3,783	4,249	4,228	4,184	4,185	4,261
Ships & boats	3,096	3,237	3,207	3,148	3,111	3,105
Furniture & related products	6,654	6,686	6,575	6,691	6,681	6,619
Nondurable goods industries	252,441	250,729	251,657	248,908	246,742	242,215

Factory New Orders (Seasonally Adjusted, in millions $)	March 2018 adv.	Feb. 2018 adv.	Jan. 2018 adv.	Dec. 2017 adv.	Nov. 2017 adv.	Oct. 2017 adv.
All manufacturing industries	507,690	497,984	491,686	488,114	488,114	479,590
Excluding transportation	416,262	414,495	413,827	407,338	407,338	402,175
Excluding defense	495,373	485,572	480,700	475,533	475,533	467,819
With unfilled orders	186,093	178,046	171,693	173,483	173,483	169,746
Durable goods industries	255,249	247,255	240,029	241,372	241,372	237,375
Primary metals	22,314	21,513	20,837	20,401	20,401	20,059
Iron & steel mills	10,709	10,342	9,886	9,785	9,785	9,614
Aluminum & nonferrous metals	10,247	9,850	9,663	9,236	9,236	9,095
Ferrous metal foundries	1,358	1,321	1,288	1,380	1,380	1,350
Fabricated metal products	34,449	34,288	34,271	33,204	33,204	33,265
Machinery	32,602	33,428	32,941	32,646	32,646	32,727
Construction machinery	2,296	2,455	2,169	2,204	2,204	2,301
Mining, oil field, & gas field machinery	1,121	1,095	1,070	1,012	1,012	1,187
Industrial machinery	2,810	2,926	2,998	2,792	2,792	3,031
Photographic equipment	544	534	481	459	459	485
Ventilation, heating, air-conditioning, & refrigeration equipment	3,772	4,015	4,076	3,863	3,863	3,735
Metalworking machinery	3,179	3,220	3,402	3,264	3,264	3,003
Turbines, generators, & other power transmission equipment	4,337	4,126	4,168	4,326	4,326	4,244
Material handling equipment	3,047	3,019	2,915	2,988	2,988	3,037
Computers & electronic products	24,119	23,895	24,105	24,015	24,015	23,931
Computers	726	682	659	709	709	712
Nondefense communications equipment	3,082	2,812	3,255	3,155	3,155	3,227
Defense communications equipment	247	262	242	255	255	292
Semiconductors	-	-	-	-	-	-
Electronic components	4,249	4,385	4,424	4,308	4,308	4,288
Nondefense search & navigation equipment	1,572	1,577	1,453	1,535	1,535	1,585
Defense search & navigation equipment	2,822	2,547	2,564	2,645	2,645	2,615
Electromedical, measuring, & control instruments	9,701	9,777	9,686	9,671	9,671	9,394
Electrical equipment, appliances, & components	10,470	10,422	10,018	10,390	10,390	10,299
Electric lighting equipment	1,048	1,050	1,048	1,059	1,059	1,075
Household appliances	1,553	1,516	1,527	1,508	1,508	1,544
Electrical equipment	2,727	2,769	2,596	2,746	2,746	2,749
Transportation equipment	91,428	83,489	77,859	80,776	80,776	77,415
Motor vehicle bodies, parts, & trailers	28,873	29,028	28,615	28,265	28,265	28,106
Nondefense aircraft & parts	20,997	13,187	10,367	12,548	12,548	10,581
Defense aircraft & parts	3,058	3,522	2,760	3,728	3,728	3,295
Ships & boats	3,324	3,507	2,498	2,619	2,619	2,881
Furniture & related products	6,586	6,730	6,628	6,753	6,753	6,615
Nondurable goods industries	252,441	250,729	251,657	246,742	246,742	242,215

Factory Unfilled Orders (Seasonally Adjusted, in millions $)	March 2018 adv.	Feb. 2018 adv.	Jan. 2018 adv.	Dec. 2017 adv.	Nov. 2017 adv.	Oct. 2017 adv.
All manufacturing industries	1,153,823	1,142,834	1,141,210	1,144,369	1,137,118	1,135,138
Excluding transportation	371,038	369,555	369,353	368,499	367,397	365,138
Excluding defense	979,896	969,023	966,739	966,756	960,510	958,018
With unfilled orders	-	-	-	-	-	-
Durable goods industries	1,153,823	1,142,834	1,141,210	1,144,369	1,137,118	1,135,138
Primary metals	32,831	31,916	31,719	31,699	31,350	30,849
Iron & steel mills	17,313	16,627	16,299	16,078	15,876	15,638
Aluminum & nonferrous metals	11,146	10,922	11,035	11,181	10,992	10,809
Ferrous metal foundries	4,372	4,367	4,385	4,440	4,482	4,402
Fabricated metal products	83,263	82,651	82,512	81,644	81,310	80,859
Machinery	102,168	102,422	102,238	102,069	101,563	101,106
Construction machinery	6,120	6,051	5,857	5,970	6,127	6,143
Mining, oil field, & gas field machinery	5,356	5,243	5,210	5,284	5,204	5,284
Industrial machinery	8,186	8,107	8,141	8,066	8,023	8,261
Photographic equipment	1,261	1,259	1,266	1,301	1,184	1,184
Ventilation, heating, air-conditioning, & refrigeration equipment	6,776	6,874	6,729	6,618	6,276	6,163
Metalworking machinery	7,608	7,822	8,114	7,978	7,913	7,794
Turbines, generators, & other power transmission equipment	29,001	29,051	29,116	29,057	29,236	29,313
Material handling equipment	13,030	12,980	12,957	13,118	13,004	12,889
Computers & electronic products	120,083	119,731	119,997	119,884	119,949	119,467
Computers	2,132	2,036	2,010	2,005	1,971	1,951
Nondefense communications equipment	26,705	26,630	26,982	26,763	26,839	26,585
Defense communications equipment	1,677	1,688	1,677	1,687	1,691	1,673
Semiconductors	-	-	-	-	-	-
Electronic components	12,168	12,108	12,071	11,885	11,774	11,674
Nondefense search & navigation equipment	19,118	19,017	18,942	19,010	18,809	18,803
Defense search & navigation equipment	26,208	26,007	26,178	26,497	26,818	26,901
Electromedical, measuring, & control instruments	32,075	32,245	32,137	32,037	32,047	31,880
Electrical equipment, appliances, & components	22,336	22,326	22,309	22,811	22,801	22,538
Electric lighting equipment	1,642	1,636	1,628	1,665	1,652	1,639
Household appliances	1,294	1,209	1,160	1,145	1,183	1,193
Electrical equipment	8,173	8,302	8,321	8,422	8,361	8,282
Transportation equipment	782,785	773,279	771,857	775,870	769,721	770,000
Motor vehicle bodies, parts, & trailers	25,234	24,812	24,764	24,450	24,026	23,976
Nondefense aircraft & parts	591,825	582,905	581,175	582,281	579,146	578,368
Defense aircraft & parts	69,231	70,045	70,932	72,685	71,863	72,313
Ships & boats	23,385	23,068	22,612	23,499	24,018	24,694
Furniture & related products	9,627	9,784	9,853	9,665	9,672	9,578
Nondurable goods industries	-	-	-	-	-	-

Factory Total Inventories (Seasonally Adjusted, in millions $)	March 2018 adv.	Feb. 2018 adv.	Jan. 2018 adv.	Dec. 2017 adv.	Nov. 2017 adv.	Oct. 2017 adv.
All manufacturing industries	677,285	675,200	672,434	669,232	665,121	661,568
Excluding transportation	545,554	542,542	540,549	538,420	534,418	530,634
Excluding defense	649,914	647,830	645,118	641,770	637,845	633,736
With unfilled orders	334,737	334,313	332,764	331,054	330,016	328,842
Durable goods industries	411,489	410,828	408,819	406,833	405,341	404,249
Primary metals	35,003	34,731	34,487	34,141	34,394	34,022
Iron & steel mills	19,682	19,507	19,493	19,088	19,161	18,982
Aluminum & nonferrous metals	13,291	13,189	12,951	13,040	13,187	13,011
Ferrous metal foundries	2,030	2,035	2,043	2,013	2,046	2,029
Fabricated metal products	52,048	51,640	51,351	51,067	50,674	50,516
Machinery	70,980	70,582	70,329	70,356	69,756	69,561
Construction machinery	5,592	5,589	5,561	5,479	5,359	5,304
Mining, oil field, & gas field machinery	7,613	7,645	7,776	7,846	7,777	7,856
Industrial machinery	8,033	7,898	7,787	7,790	7,766	7,684
Photographic equipment	1,384	1,374	1,353	1,462	1,401	1,375
Ventilation, heating, air-conditioning, & refrigeration equipment	5,234	5,171	5,151	5,191	5,152	5,192
Metalworking machinery	5,959	5,986	6,043	5,969	5,951	5,902
Turbines, generators, & other power transmission equipment	10,616	10,409	10,276	10,248	9,988	9,946
Material handling equipment	5,419	5,495	5,520	5,306	5,438	5,266
Computers & electronic products	46,011	45,903	45,558	45,462	45,412	45,100
Computers	1,824	1,850	1,863	1,844	1,819	1,808
Nondefense communications equipment	4,053	4,029	4,028	4,012	4,023	3,990
Defense communications equipment	585	583	577	578	571	558
Semiconductors	-	-	-	-	-	-
Electronic components	8,151	8,038	7,879	7,994	7,928	7,955
Nondefense search & navigation equipment	3,139	3,114	3,119	3,088	3,124	3,137
Defense search & navigation equipment	3,131	3,134	3,140	3,133	3,167	3,148
Electromedical, measuring, & control instruments	15,098	15,015	14,942	14,882	14,723	14,622
Electrical equipment, appliances, & components	18,483	18,347	18,290	18,128	17,941	17,784
Electric lighting equipment	2,267	2,266	2,249	2,247	2,236	2,209
Household appliances	2,559	2,555	2,568	2,520	2,496	2,454
Electrical equipment	5,134	5,064	5,032	4,895	4,951	4,926
Transportation equipment	131,731	132,658	131,885	130,812	130,703	130,934
Motor vehicle bodies, parts, & trailers	24,941	24,908	24,983	24,790	24,486	24,426
Nondefense aircraft & parts	67,296	68,233	67,765	66,900	67,438	67,084
Defense aircraft & parts	13,172	13,199	13,184	13,414	13,355	13,426
Ships & boats	3,208	3,284	3,251	3,051	3,193	3,451
Furniture & related products	8,103	8,072	8,070	7,973	7,880	7,886
Nondurable goods industries	265,796	264,372	263,615	262,399	259,780	257,319

Factory New Orders/ Shipment (Seasonally Adjusted, in millions $)	March 2018 adv.	Feb. 2018 adv.	Jan. 2018 adv.	Dec. 2017 adv.	Nov. 2017 adv.	Oct. 2017 adv.
All manufacturing industries	1.01	0.99	0.99	0.99	0.99	0.99
Excluding transportation	0.99	0.99	0.99	0.98	0.99	0.99
Excluding defense	1.01	1.00	0.99	0.99	0.99	0.99
With unfilled orders	1.05	1.01	0.98	1.00	1.01	1.00
Durable goods industries	1.02	0.99	0.97	0.98	0.99	0.98
Primary metals	1.03	1.01	1.00	0.99	1.02	1.01
Iron & steel mills	1.05	1.03	1.02	1.02	1.02	1.01
Aluminum & nonferrous metals	1.01	0.99	0.99	0.95	1.01	0.99
Ferrous metal foundries	1.01	0.99	0.97	1.04	1.05	1.03
Fabricated metal products	1.02	1.01	1.02	0.99	1.01	1.02
Machinery	1.00	1.00	1.01	1.00	1.01	1.01
Construction machinery	1.03	1.05	0.97	0.97	1.01	1.09
Mining, oil field, & gas field machinery	1.05	0.98	0.94	0.94	0.94	1.06
Industrial machinery	1.03	1.00	1.02	0.96	0.94	1.01
Photographic equipment	1.01	0.97	0.94	0.94	0.96	0.97
Ventilation, heating, air-conditioning, & refrigeration equipment	0.99	1.05	1.03	1.01	1.02	1.01
Metalworking machinery	0.95	0.93	1.05	1.00	1.05	0.96
Turbines, generators, & other power transmission equipment	0.99	0.98	1.00	1.00	0.98	0.97
Material handling equipment	1.02	1.00	0.99	1.06	1.04	1.06
Computers & electronic products	0.86	0.84	0.85	0.86	0.86	0.86
Computers	1.15	1.03	1.01	1.14	1.03	1.05
Nondefense communications equipment	1.02	0.93	1.07	1.04	1.08	1.13
Defense communications equipment	0.95	1.03	0.98	1.08	1.06	1.16
Semiconductors	-	-	-	-	-	-
Electronic components	1.02	1.02	1.04	1.01	1.02	1.02
Nondefense search & navigation equipment	1.05	1.05	0.95	0.97	1.00	1.08
Defense search & navigation equipment	1.04	0.94	0.90	0.98	0.97	0.98
Electromedical, measuring, & control instruments	0.99	1.01	1.01	1.00	1.01	1.01
Electrical equipment, appliances, & components	1.00	1.00	0.97	1.02	1.02	1.01
Electric lighting equipment	1.01	1.00	1.00	1.01	1.01	1.03
Household appliances	1.04	1.00	1.01	0.97	1.00	1.01
Electrical equipment	0.96	0.99	0.97	1.03	1.03	1.03
Transportation equipment	1.10	1.02	0.96	1.00	0.99	0.98
Motor vehicle bodies, parts, & trailers	1.01	1.01	1.00	0.99	1.00	1.00
Nondefense aircraft & parts	1.57	1.14	0.91	1.11	1.04	0.98
Defense aircraft & parts	0.81	0.83	0.65	0.89	0.89	0.77
Ships & boats	1.07	1.08	0.78	0.83	0.84	0.93
Furniture & related products	0.99	1.01	1.01	1.01	1.01	1.00
Nondurable goods industries	1.00	1.00	1.00	0.99	1.00	1.00

• Source U.S. Census Bureau, Manufacturing and Construction Division
Picture Autor: (Wolfgang Meinhart) licence GNU.

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