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.

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