Factory goods orders up for fourth straight month in March
Capital equipment orders also up; stronger data points to a sustained recovery in the manufacturing sector
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
Washington
NEW orders for US-made goods increased for a fourth straight month in March and orders for capital equipment were stronger than previously reported, pointing to a sustained recovery in the manufacturing sector.
Factory goods orders rose 0.2 per cent, the Commerce Department said on Thursday after an upwardly revised 1.2 per cent increase in February. Economists polled by Reuters had forecast factory orders gaining 0.4 per cent in March after a previously reported one per cent increase in February.
Share with us your feedback on BT's products and services
TRENDING NOW
Vietnam formalises new state leadership, redefining ‘four pillars’ power balance
‘Largest Singapore commercial S-Reit proxy’: analysts say buy CICT shares after Paragon acquisition
From 1MDB to ‘corporate mafia’: Is Malaysia facing a new governance test?
Why where you park your joint venture matters: Lessons from a US$689 million shareholder dispute
