U.S. Factory Orders Rise

الخميس 1436/6/13 هـ الموافق 2015/04/02 م واس
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Washington, Jumada II 13, 1436, Apr 2, 2015, SPA -- New orders for U.S. factory goods rose unexpectedly in February after six consecutive months of declines, as the manufacturing sector has been hurt by a strong U.S. dollar and weaker global demand.
The Commerce Department reported Thursday that new orders for manufactured goods rose 0.2 percent, the biggest gain since July, following a 0.7 percent decline in January.
Orders excluding the volatile transportation category rose 0.8 percent, the largest gain in eight months. Shipments of factory goods rose 0.7 percent after four consecutive months of declines. Unfilled orders at factories fell 0.5 percent, declining for a third consecutive month.
Orders for non-defense capital goods excluding aircraft - a measure of business spending plans - fell 1.1 percent.
Despite the February gain in factory orders, it may take time before the sector - which accounts for 12 percent of the economy - rebounds.
--SPA
18:52 LOCAL TIME 15:52 GMT