February Factory Orders in the US Exceed Projections, Growing by 1.4%
Tuesday, 2 April 2024, 14:00
US Factory Orders Update
The US factory orders for February have surpassed expectations by rising 1.4% compared to the projected 1.0% growth. This positive development indicates a potential rebound in the manufacturing sector after the prior month's decline.
Key Highlights:
- Prior month's decline of -3.9% has been reversed
- Durable goods orders show promising improvements
The surge in factory orders and durable goods data suggest a positive trajectory for the US economy, indicating resilience and potential growth in the manufacturing sector.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.