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US factory orders surge in March

by ChemOrbis Editorial Team -
  • 05/05/2016 (16:45)
According to data released by the US Commerce Department, US factory orders posted an increase of 1.1% in March following a 1.9% decline in February, while orders were down 2.0% from a year ago.

Excluding volatile transportation, factory orders increased 0.8% on the month while orders were up 0.2% excluding defense. A strong dollar and sluggish economic growth continued to weigh down the country’s manufacturing activities.

The data also revealed that orders for transportation rose 2.8% in March due to higher orders for ships and defense aircraft. Orders for motor vehicles slid 0.9% following an increase of 2.6% in February.
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