08292016Mon
Last updateMon, 29 Aug 2016 5pm

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Manufacturing & The Economy

Factory Orders Rise 1.6% in February, Exceeds Estimates

New orders for manufactured goods in February, up following two consecutive monthly decreases, increased $7.5 billion or 1.6% to $488.8 billion, the U.S. Census Bureau reported. This followed a 1.0% January decrease. Economists predicted an increase of 1.2%.

New orders for manufactured durable goods in February, up following two consecutive monthly decreases, increased $4.9 billion or 2.2% to $229.1 billion, unchanged from the previously published increase. This followed a 1.4% January decrease. 

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