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But the orders backlog, a harbinger of future production, rose 0.5percentto to $519.04 billion, adding to January's 0.7percentt gain.
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We speculate that stressors such as large orders, backlogs or late deliveries trigger hoarding and phantom ordering for some participants even though these behaviors are irrational.
The PMI includes elements of output and demand, forward orders, backlogs of work, input and output prices as well as recruitment.
The company reported an order backlog amounting to $315 billion.
But its order backlog in North America fell 12percentt.
It has an order backlog of 111 Airbus planes.
The order backlog compared with June a year ago was down $3‐billion.
The company's order backlog ended 2017 at £41.2 billion.
Its order backlog (mostly civil jets) is now more than £60 billion ($97 billion).
The order backlog extended 3 months, to as long as 18 months.
Its total order backlog is more than 3,700 planes, the equivalent of about six years' production.
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