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Increase in US factory and durable goods orders slows in March

by ChemOrbis Editorial Team - content@chemorbis.com
  • 08/05/2017 (16:42)
According to the data released by US Commerce Department, US factory orders and durable goods orders increased in March but this increase came slower than the estimates as well as the rise of the previous month.

The data showed that factory orders increased by 0.2% in March after a revised rise of 1.2% in February. However, this increase fell below the economists’ estimates of a rise of 0.4%.

The less-than-expected rise in factory orders was attributed to the fact that the 0.9% increase in orders for durable goods was partly pulled down by a drop of 0.5% in orders for non-durable goods.

The data also showed that the inventories of manufactured goods were unchanged in March month-on-month following a small rise of 0.2% in the previous month while the shipments of manufactured goods dropped by 0.1% after an increase of 0.2% in February.
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