US factory orders increase 0.9% in March
Orders for manufactured goods gain 0.9%, durable goods rise 3.2%
By Ovunc Kutlu
ISTANBUL (AA) - US factory orders rose 0.9% in March, ending two consecutive months of declines, according to Commerce Department figures released Tuesday.
New orders increased $4.9 billion to $539 billion.
While the market expected a gain of 1.1%, the figure for February was revised from a decline of 0.7% to a decrease of 1.1%.
Orders for new durable goods increased $8.5 billion, or 3.2%, to $276.2 billion.
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