US factory orders go up

Washington, April 3 (IANS) New orders for US manufactured goods rose 3 percent in February, evidence of the ongoing economic recovery, the US Department of Commerce reported.

US factory orders increased $14.5 billion to a seasonally adjusted $492 billion in February, reported Xinhua.

New orders for durable goods, big-ticket items expected to last at least three years such as computers, cars and machinery, rose 5.6 percent to $232.2 billion in February.

New orders for non-durable goods, including food, paper products, petroleum and coal products, edged up 0.8 percent in February.

The opinions, beliefs and viewpoints expressed by authors, news service providers on this page do not necessarily reflect the opinions, beliefs and viewpoints of Hill Post. Any views or opinions are not intended to malign any religion, ethnic group, club, organization, company, or individual. Hill Post makes no representations as to the accuracy or completeness of any information on this site page.

Leave a comment

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.