(Industry Week – Agence France-Presse)
New orders for manufactured goods rose in February after six consecutive monthly declines, the Commerce Department said on April 2 in a new sign that industrial activity may have hit bottom. Orders increased $6.1 billion or 1.8% to $352.2 billion following a hefty 3.5% January decrease, the department said.
Giving a breakdown, the department said new orders for manufactured durable goods in February was up following six consecutive monthly decreases – by $5.6 billion or 3.5% to $164.7 billion. New orders for manufactured nondurable goods increased $500 million or 0.3% to $187.4 billion. Read more here.
