U.S. factory orders rise strongly led by transportation
Total orders were 1.2% higher to $470.2bn, according to the Department of Commerce.
Orders for durable manufactured goods rose increased by 2.0% month-on-month to $230.7bn, upwardly revised from an initially estimated gain of 1.8%.
Non-durable goods orders meanwhile advanced 0.4% over the month to $239.5bn.
The inventory-to-shipments ratio was unchanged at the December 2016 level of 1.31, while the orders-to-shipments ratio slipped from 6.59 to 6.57. ■