Washington: US factory orders rebounded in March after seven straight months of declines, pushed higher by commercial and defense aircraft orders, the Commerce Department reported on Monday.
New orders for manufactured goods leaped 2.1 per cent in March to $476.5 billion, after a 0.1 per cent decline in February. The February number previously was estimated as a 0.2 per cent increase.
Compared with a year ago, factory orders were down 4.8 per cent in March.
Stripping out transportation, which can be volatile month-over-month, factory orders were flat in March compared to February.
Transportation equipment orders surged 13.5 per cent, led by a 103.0 percent jump in defense aircraft and a 30.6 per cent increase in commercial aircraft.
Orders for durable goods, typically goods that last more than three years and which represent about half of all factory orders, rose 4.4 per cent to $241.2 billion. In February they had fallen 1.4 per cent.
Nondurable goods, such as food and textiles, slipped 0.3 per cent to $235.3 billion.
Manufacturing has been struggling, with exports hit by the strong dollar and US consumer spending tepid.
New orders for manufactured goods leaped 2.1 per cent in March to $476.5 billion, after a 0.1 per cent decline in February. The February number previously was estimated as a 0.2 per cent increase.
Compared with a year ago, factory orders were down 4.8 per cent in March.
Stripping out transportation, which can be volatile month-over-month, factory orders were flat in March compared to February.
Transportation equipment orders surged 13.5 per cent, led by a 103.0 percent jump in defense aircraft and a 30.6 per cent increase in commercial aircraft.
Orders for durable goods, typically goods that last more than three years and which represent about half of all factory orders, rose 4.4 per cent to $241.2 billion. In February they had fallen 1.4 per cent.
Nondurable goods, such as food and textiles, slipped 0.3 per cent to $235.3 billion.
Manufacturing has been struggling, with exports hit by the strong dollar and US consumer spending tepid.
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