U.S. factory orders rise, offer glimmer of hope for manufacturing

April 2, 2015 2:03 PM

64 0

U.S. factory orders rise, offer glimmer of hope for manufacturing

WASHINGTON,(Reuters) - New orders for U.S. factory goods unexpectedly rose in February after six straight months of declines, offering a ray of hope for a sector that has been battered by a strong dollar and weaker global demand.

The Commerce Department said on Thursday new orders for manufactured goods increased 0.2 percent, the largest gain since July, after a revised 0.7 percent drop in January.

Read more

To category page

Loading...