Industrial Demand

The most significant changes included Transportation Equipment up 8.5 percent, followed closely by Primary Metals and Fabricated Metal Products, with an increase of 7.8 percent.

Value of manufacturers’ new orders; not seasonally adjusted; $ in million

Source: U.S. Census Bureau
Source: U.S. Census Bureau

New orders for all manufacturing industries increased in March 2017 by 6.2 percent or $30 billion, compared to March 2016. The most significant changes included Transportation Equipment up 8.5 percent, followed closely by Primary Metals and Fabricated Metal Products, with an increase of 7.8 percent. Year-over-year, all the industries increased, the smallest change being Furniture and Related Products’ rise of 1.6 percent. Transportation Equipment new orders increased month-over-month by 28.7 percent, a far cry from the increase of 9 percent registered in February 2016. Furniture and Related Products ranked among the bottom performers for month-over-month new orders (up 7.7 percent), the new orders for other industries seeing increases of more than 10 percent compared to the prior month’s change.