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Factory Orders Post Robust March Gain, Up 3%
Published: Tuesday, 3 May 2011 | 10:04 AM ET Text Size By: Reuters
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New orders received by U.S. factories climbed robustly in March, posting a fifth straight monthly gain that pointed to a healthy manufacturing sector that is supporting a continuing recovery, government data on Tuesday showed.
The Commerce Department said new orders for manufactured goods rose 3 percent to a seasonally adjusted $463 billion, well above Wall Street economists forecasts for a 1.9 percent pickup. February orders previously reported as having fallen by 0.1 percent were sharply revised to instead show a 0.7 percent increase.
Factory Orders Post Robust March Gain, Up 3%
Published: Tuesday, 3 May 2011 | 10:04 AM ET Text Size By: Reuters
Twitter LinkedInMore Share
New orders received by U.S. factories climbed robustly in March, posting a fifth straight monthly gain that pointed to a healthy manufacturing sector that is supporting a continuing recovery, government data on Tuesday showed.
The Commerce Department said new orders for manufactured goods rose 3 percent to a seasonally adjusted $463 billion, well above Wall Street economists forecasts for a 1.9 percent pickup. February orders previously reported as having fallen by 0.1 percent were sharply revised to instead show a 0.7 percent increase.
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