Loading ...(RTTNews) – New orders for U.S. manufactured goods showed a notable rebound in the month of March, according to a report released by the Commerce Department on Tuesday.
The Commerce Department said factory orders jumped by 1.1 percent in March after falling by a revised 0.5 percent in February.
Economists had expected factory orders to surge up by 1.3 percent compared to the 0.8 percent drop originally reported for the previous month.
The rebound by factory orders came as orders for durable goods increased by 0.8 percent in March following a 0.9 percent slump in February.
Durable goods news
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