NEW: Orders For U.S.-Manufactured Goods Surge For Second Consecutive Month
New orders for durable U.S.-manufactured goods increased by $2.7 billion, or 0.9 percent, representing an increase for the second consecutive month, according to February figures released by the U.S. Census Bureau.
When excluding transportation, new orders increased 0.7 percent. The figures were similar when excluding the defense sector, as orders were still up 0.8 percent without it.
Transportation equipment played the largest role in the increase, with orders increasing by $1.4 billion, or 1.5 percent to $98.3 billion. The latest report marked the second consecutive monthly increase for the sector, which was also true for U.S.-manufactured goods as a whole.
In total, the latest report marked the second consecutive increase in demand for goods manufactured in the United States, as totals surged by 3.3 percent in January.
Shipments of manufactured durable goods in February, up three consecutive months, were up by $3.4 billion, or 1.2 percent, to $292.3 billion. This followed an increase of 0.7 percent in January. Transportation equipment once again played a substantial role in the surge after a two percent increase.
The U.S. Census Bureau provided a number of additional encouraging figures in its report for the month of February. Inventories of U.S.-manufactured durable goods increased for the fourth consecutive month, while unfilled orders for U.S.-manufactured durable goods increased for the seventh time in eight months.
Photo: U.S. Census Bureau
The increase comes as President Donald Trump has implemented reciprocal tariffs on Canada, China and Mexico, arguing that the move is necessary to make up for trade imbalances due to tariffs imposed on U.S. goods. The White House has long stated that the tariff policy is aimed at bringing jobs, particularly in the manufacturing and energy sectors, back to the United States.
A number of companies have attempted to get around potential tariffs by relocating operations to the United States. Earlier this month, Honda announced that it would be relocating its manufacturing operations for the Civic model to Indiana. The company initially planned to move their plant to Guadalajara, Mexico, but opted for a U.S. option instead in order to get ahead of expected tariffs.
Elsewhere in the auto industry, British auto giant Rolls Royce told investors that they plan to open several plants in the United States. Trump has warned that tariffs will likely be coming on several European goods on April 2.
Tariffs on luxury vehicle imports are a near certainty, including in the U.K., which imposes 10 percent tariffs on U.S. vehicle imports compared to just 2.5 percent for continental European partners.
SUGGESTED VIDEOS FOR YOU
DEER IN HEADLIGHTS! NPR CEO blindsided by her own anti-white tweets!
Kaitlan Collins PANICS after Trump official brings up $5M defamation suit!
Here’s what EVERYONE missed about Trump’s Greenland strategy!
Josh Hawley goes absolutely NUCLEAR on Democrat witness!
Room goes SILENT as MTG proves PBS LIED under oath!
Help Us ERADICATE The Left Wing Media By Subscribing To Our YouTube Channel!
Subscribe for Daily Reporting on the Trump Administration & Always Receive the Truth!
