empty
 
 

2022.05.0314:34:00UTC+00U.S. Factory Orders Surge More Than Expected In March

New orders for U.S. manufactured goods spiked by more than expected in the month of March, according to a report released by the Commerce Department on Tuesday.

The report showed factory orders surged by 2.2 percent in March following a revised 0.1 percent uptick in February.

Economists had expected factory orders to jump by 1.1 percent compared to the 0.5 percent drop originally reported for the previous month.

The sharp increase in factory orders came as orders for non-durable goods soared by 3.2 percent, while orders for durable goods shot up by 1.1 percent.

The report also showed shipments of manufactured goods spiked by 2.3 percent in March after jumping by 1.1 percent in February.

Inventories of manufactured goods also shot up by 1.3 percent in March following a 0.9 percent increase in February.

With orders jumping by inventories, the inventories-to-shipments ratio dropped to 1.43 in March from 1.45 in February.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $9000 more!
    In May we raffle $9000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback