New Orders for U.S.-Manufactured Goods Rebound in February
Tuesday, 2 April 2024, 14:44
US Factory Orders Rebound
New orders for U.S.-manufactured goods rebounded more than expected in February, boosted by demand for machinery and commercial aircraft as manufacturing regains its footing.
February Performance
Factory orders increased 1.4% after dropping 3.8% in January, according to the Commerce Department's Census Bureau. Manufacturing, accounting for 10.4% of the U.S. economy, has shown signs of improvement.
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