New orders for manufactured goods in the United States observed a monthly rise of 4.3% or $25.7 billion to stand at $618.8 billion in March, the US Census Bureau revealed in its report released on Friday. The figure came in slightly below analysts' expectations.

Shipments decreased by 0.1% compared to the previous month to $596.2 billion, while unfilled orders rose by 2% to reach $1,429.4 billion. Inventories climbed by 0.1% to $865.3 billion. Meanwhile, the inventories-to-shipments ratio was at 1.45, unchanged from February's figure.