U.S. electronics and computer manufacturers reported strong results for February. Although sales were slightly lower, the trend over the last few months remains in the 12 percent to 15 percent growth range forecast for the whole year. Orders and unfilled orders rose strongly so the random sales dip in February should be quickly reversed.

Computer and electronics shipments from U.S. factories dipped 1.1 percent in February after jumping 4.5 percent in the previous two months. February shipments were 17.5 percent above a year ago. Computer and peripherals shipments fell 1.1 percent from January and telecom shipments dropped 2.2 percent, but semiconductor shipments increased 1.8 percent.

February industry orders were up 1.2 percent on top of a nearly 5.0 percent gain the last two months. Computer and peripherals orders were 2.1 percent higher and telecom orders were up 5.5 percent.

U.S. electronics and computer factories reported that inventories rose 0.4 percent in February and that unfilled orders were 0.5 percent higher.

Overall, durable goods manufacturing shipments gained 0.8 percent and orders rose 2.5 percent due to a surge in the motor vehicle and aircraft markets. Non-defense capital goods shipments through February, excluding the volatile aircraft market, are 8.0 percent above the previous quarter at an annualized rate. This confirms that the expansion of business investment beyond technology products is continuing.

By: DocMemory
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